NEW YORK ( TheStreet) -- Eagle Rock Energy Partners (Nasdaq: EROC) hit a new 52-week low Thursday as it is currently trading at $8.40, below its previous 52-week low of $8.50 with 211,300 shares traded as of 10:18 a.m. ET. Average volume has been 451,800 shares over the past 30 days. Eagle Rock Energy has a market cap of $1.21 billion and is part of the basic materials sector and energy industry. Shares are down 24.2% year to date as of the close of trading on Wednesday. Eagle Rock Energy Partners, L.P., together with its subsidiaries, engages in gathering, compressing, treating, processing, transporting, marketing, and trading natural gas, as well as fractionating and transporting natural gas liquids (NGL). The company has a P/E ratio of 10, below the average energy industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Eagle Rock Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and generally poor debt management. You can view the full Eagle Rock Energy Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.