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NEW YORK ( TheStreet) -- Genesis Energy (NYSE: GEL) hit a new 52-week high Wednesday as it is currently trading at $32.38, above its previous 52-week high of $32 with 24,547 shares traded as of 10:09 a.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 14.1% year to date as of the close of trading on Tuesday. 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 42.4, above the S&P 500 P/E ratio of 17.7.