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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) -- Oasis Petroleum (NYSE: OAS) hit a new 52-week high Friday as it is currently trading at $36.71, above its previous 52-week high of $36.67 with 524,971 shares traded as of 9:56 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Oasis has a market cap of $3.31 billion and is part of the basic materials sector and energy industry. Shares are up 11.4% year to date as of the close of trading on Thursday. Oasis Petroleum Inc., an independent exploration and production company, engages in the acquisition and development of oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin. The company has a P/E ratio of 33.7, above the S&P 500 P/E ratio of 17.7.