NEW YORK ( TheStreet) -- QR Energy (NYSE: QRE) hit a new 52-week low Monday as it is currently trading at $15.57, below its previous 52-week low of $15.61 with 163,771 shares traded as of 12:24 p.m. ET. Average volume has been 572,800 shares over the past 30 days. QR Energy has a market cap of $631.7 million and is part of the basic materials sector and energy industry. Shares are down 16.3% year to date as of the close of trading on Friday. QR Energy, LP, through its subsidiary, QRE Operating, LLC, engages in the acquisition, exploitation, development, and production of onshore crude oil and natural gas properties in the United States. The company has a P/E ratio of 39.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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