NEW YORK ( TheStreet) -- Venoco Incorporated (NYSE: VQ) hit a new 52-week low Thursday as it is currently trading at $6.66, below its previous 52-week low of $6.67 with 197,487 shares traded as of 2:54 p.m. ET. Average volume has been 362,000 shares over the past 30 days. Venoco has a market cap of $455.3 million and is part of the basic materials sector and energy industry. Shares are down 59.9% year to date as of the close of trading on Wednesday. Venoco, Inc., an independent energy company, primarily engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties primarily in California. The company has a P/E ratio of 12.5, below the average energy industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7.
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