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NEW YORK ( TheStreet) -- Western Gas Partners (NYSE: WES) hit a new 52-week high Wednesday as it is currently trading at $46.92, above its previous 52-week high of $46.75 with 134,190 shares traded as of 11:29 a.m. ET. Average volume has been 197,000 shares over the past 30 days. Western Gas has a market cap of $3.7 billion and is part of the basic materials sector and energy industry. Shares are up 9.9% year to date as of the close of trading on Tuesday. Western Gas Partners, LP, together with its subsidiaries, engages in the acquisition, ownership, development, and operation of midstream energy assets in east and west Texas, the Rocky Mountains, and the Mid-Continent. The company has a P/E ratio of 27.3, above the average energy industry P/E ratio of 23.7 and above the S&P 500 P/E ratio of 17.7.