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NEW YORK ( TheStreet) -- El Paso Corporation (NYSE: EP) hit a new 52-week high Tuesday as it is currently trading at $24.35, above its previous 52-week high of $21.54 with 7.5 million shares traded as of 10:05 a.m. ET. Average volume has been 10.3 million shares over the past 30 days. El Paso has a market cap of $15.1 billion and is part of the basic materials sector and energy industry. Shares are up 42.4% year to date as of the close of trading on Monday. El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. The company has a P/E ratio of 28, above the average energy industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 17.7.