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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) -- Hess (NYSE: HES) hit a new 52-week high Wednesday as it is currently trading at $71.13, above its previous 52-week high of $70.85 with 922,449 shares traded as of 11:06 a.m. ET. Average volume has been 4.5 million shares over the past 30 days. Hess has a market cap of $23.87 billion and is part of the basic materials sector and energy industry. Shares are up 32.9% year to date as of the close of trading on Tuesday. Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7.