MarkWest Energy Reaches New 52-Week High (MWE)

NEW YORK ( TheStreet) -- MarkWest Energy Partners (NYSE: MWE) hit a new 52-week high Wednesday as it is currently trading at $59.06, above its previous 52-week high of $59.02 with 61,970 shares traded as of 10:19 a.m. ET. Average volume has been 658,500 shares over the past 30 days.

MarkWest Energy has a market cap of $4.85 billion and is part of the basic materials sector and energy industry. Shares are up 6.4% year to date as of the close of trading on Tuesday.

Markwest Energy Partners, L.P., together with its subsidiaries, engages in the gathering, processing, and transportation of natural gas. The company has a P/E ratio of 60.3, below the average energy industry P/E ratio of 64.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates MarkWest Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full MarkWest Energy Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

Trade-Ideas: MarkWest Energy Partners (MWE) Is Today's Weak On High Relative Volume Stock

3 Stocks Dragging The Energy Industry Downward

What To Hold: 3 Hold-Rated Dividend Stocks FTR, MWE, GEL

What To Hold: 3 Hold-Rated Dividend Stocks SEAS, COP, MWE

Trade-Ideas: MarkWest Energy Partners (MWE) Is Today's Post-Market Leader Stock