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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Newfield Exploration Company (NYSE: NFX) hit a new 52-week low Wednesday as it is currently trading at $23.66, below its previous 52-week low of $23.71 with 849,738 shares traded as of 12:55 p.m. ET. Average volume has been 2.6 million shares over the past 30 days. Newfield has a market cap of $3.27 billion and is part of the basic materials sector and energy industry. Shares are down 36.1% year to date as of the close of trading on Tuesday. Newfield Exploration Company, an independent energy company, engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It has operations in the Mid-Continent, the Rocky Mountains, and onshore Texas, as well as in Malaysia and China. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7.