NEW YORK ( TheStreet) -- W&T Offshore (NYSE: WTI) hit a new 52-week high Monday as it is currently trading at $28.94, above its previous 52-week high of $28.79 with 199,225 shares traded as of 12:37 p.m. ET. Average volume has been 927,400 shares over the past 30 days. W&T has a market cap of $2.1 billion and is part of the basic materials sector and energy industry. Shares are up 59.7% year to date as of the close of trading on Friday. W&T Offshore, Inc. engages in the acquisition, exploitation, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico. As of April 26, 2011, it had working interests in approximately 68 fields in federal waters, state waters, and onshore. The company has a P/E ratio of 22.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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