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NEW YORK ( TheStreet) -- SM Energy (NYSE: SM) hit a new 52-week high Thursday as it is currently trading at $86.50, above its previous 52-week high of $85.55 with 209,208 shares traded as of 10:06 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. SM Energy has a market cap of $5 billion and is part of the basic materials sector and energy industry. Shares are up 41.2% year to date as of the close of trading on Wednesday. SM Energy Company, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in North America. The company has a P/E ratio of 33, below the average energy industry P/E ratio of 33.2 and above the S&P 500 P/E ratio of 17.7.