NEW YORK ( TheStreet) -- Northwest Natural Gas (NYSE: NWN) hit a new 52-week high Friday as it is currently trading at $49.07, above its previous 52-week high of $48.98 with 17,882 shares traded as of 10:05 a.m. ET. Average volume has been 103,100 shares over the past 30 days. Northwest Natural Gas has a market cap of $1.25 billion and is part of the utilities sector and utilities industry. Shares are up 1.3% year to date as of the close of trading on Thursday. Northwest Natural Gas Company stores and distributes natural gas primarily in Oregon, Washington, and California. The company operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment distributes natural gas in Oregon and southwest Washington. The company has a P/E ratio of 20.1, above the average utilities industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7.
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