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NEW YORK ( TheStreet) -- Plains All American Pipeline (NYSE: PAA) hit a new 52-week high Friday as it is currently trading at $84.60, above its previous 52-week high of $84.48 with 150,990 shares traded as of 11:54 a.m. ET. Average volume has been 440,300 shares over the past 30 days. Plains All American Pipeline has a market cap of $13.48 billion and is part of the basic materials sector and energy industry. Shares are up 13.8% year to date as of the close of trading on Thursday. Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. The company has a P/E ratio of 16.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.