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NEW YORK ( TheStreet) -- Rosetta Resources (Nasdaq: ROSE) hit a new 52-week high Friday as it is currently trading at $56.58, above its previous 52-week high of $56 with 332,537 shares traded as of 9:37 a.m. ET. Average volume has been 905,000 shares over the past 30 days. Rosetta has a market cap of $2.8 billion and is part of the basic materials sector and energy industry. Shares are up 38% year to date as of the close of trading on Thursday. Rosetta Resources Inc., an independent exploration and production company, engages in the exploration, development, production, and acquisition of onshore oil and gas resources in the United States. The company has a P/E ratio of 119.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.