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NEW YORK ( TheStreet) -- Genesis Energy (NYSE: GEL) hit a new 52-week high Thursday as it is currently trading at $29.85, above its previous 52-week high of $29.83 with 97,581 shares traded as of 12:55 p.m. ET. Average volume has been 209,400 shares over the past 30 days. Genesis Energy has a market cap of $2.06 billion and is part of the basic materials sector and energy industry. Shares are up 6% year to date as of the close of trading on Wednesday. Genesis Energy, L.P., together with its subsidiaries, operates in the midstream segment of the oil and gas industry in the Gulf Coast area of the United States. The company operates through three divisions: Pipeline Transportation, Refinery Services, and Supply and Logistics. The company has a P/E ratio of 44.8, above the S&P 500 P/E ratio of 17.7.