Plains Exploration & Production Stock Hits New 52-Week High (PXP)

NEW YORK ( TheStreet) -- Plains Exploration & Production Company (NYSE: PXP) hit a new 52-week high Monday as it is currently trading at $46.91, above its previous 52-week high of $46.75 with 118,104 shares traded as of 9:45 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Plains Exploration & Production has a market cap of $5.25 billion and is part of the basic materials sector and energy industry. Shares are up 26.1% year to date as of the close of trading on Friday.

Plains Exploration & Production Company, an independent oil and gas company, primarily engages in acquiring, developing, exploring, and producing oil and gas properties in the United States. The company has a P/E ratio of 31.2, below the average energy industry P/E ratio of 62.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Plains Exploration & Production 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Plains Exploration & Production Ratings Report.

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