NEW YORK ( TheStreet) -- Swift Energy Company (NYSE: SFY) hit a new 52-week low Friday as it is currently trading at $18.60, below its previous 52-week low of $19 with 96,759 shares traded as of 9:35 a.m. ET. Average volume has been 857,400 shares over the past 30 days. Swift Energy has a market cap of $862.9 million and is part of the basic materials sector and energy industry. Shares are down 33% year to date as of the close of trading on Thursday. Swift Energy Company engages in acquiring, exploring, developing, and operating oil and natural gas properties. It focuses on oil and natural gas reserves in Texas, as well as onshore and in the inland waters of Louisiana. The company has a P/E ratio of 12.9, above the average energy industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.
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