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NEW YORK ( TheStreet) -- Enterprise Products Partners (NYSE: EPD) hit a new 52-week high Thursday as it is currently trading at $51.49, above its previous 52-week high of $51.24 with 32,256 shares traded as of 9:30 a.m. ET. Average volume has been 1.4 million shares over the past 30 days. Enterprise has a market cap of $42.64 billion and is part of the basic materials sector and energy industry. Shares are up 10.3% year to date as of the close of trading on Wednesday. Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals in North America. The company has a P/E ratio of 21.3, below the average energy industry P/E ratio of 38.9 and above the S&P 500 P/E ratio of 17.7.