El Paso Reaches New 52-Week High (EP)

NEW YORK ( TheStreet) -- El Paso Corporation (NYSE: EP) hit a new 52-week high Monday as it is currently trading at $29.44, above its previous 52-week high of $29.43 with 4.4 million shares traded as of 10:55 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.

El Paso has a market cap of $20.63 billion and is part of the basic materials sector and energy industry. Shares are up 9.5% year to date as of the close of trading on Friday.

El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. The company has a P/E ratio of 160, below the average energy industry P/E ratio of 668.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates El Paso as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. 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 El Paso Ratings Report.

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