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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) -- Noble Energy (NYSE: NBL) hit a new 52-week high Friday as it is currently trading at $105.50, above its previous 52-week high of $105.46 with 528,764 shares traded as of 2:35 p.m. ET. Average volume has been one million shares over the past 30 days. Noble Energy has a market cap of $18.47 billion and is part of the basic materials sector and energy industry. Shares are up 2.1% year to date as of the close of trading on Thursday. Noble Energy, Inc., through its subsidiaries, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids in the United States, West Africa, Eastern Mediterranean, the North Sea, and internationally. The company has a P/E ratio of 44, above the S&P 500 P/E ratio of 17.7.