NEW YORK ( TheStreet) -- Chesapeake Midstream Partners L.P (NYSE: CHKM) hit a new 52-week low Friday as it is currently trading at $23.74, below its previous 52-week low of $23.93 with 1.1 million shares traded as of 3:45 p.m. ET. Average volume has been 421,200 shares over the past 30 days. Chesapeake Midstream Partners L.P has a market cap of $2.01 billion and is part of the basic materials sector and energy industry. Shares are down 12% year to date as of the close of trading on Thursday. Chesapeake Midstream Partners, L.P. owns, operates, develops, and acquires natural gas, natural gas liquids, and oil gathering systems, and other midstream energy assets in the United States. The company has a P/E ratio of 17.7, below the average energy industry P/E ratio of 18.6 and equal to the S&P 500 P/E ratio of 17.7.