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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) -- Plains All American Pipeline (NYSE: PAA) hit a new 52-week high Thursday as it is currently trading at $55.29, above its previous 52-week high of $55.24 with 141,014 shares traded as of 11:09 a.m. ET. Average volume has been one million shares over the past 30 days. Plains All American Pipeline has a market cap of $18.16 billion and is part of the basic materials sector and energy industry. Shares are up 19.5% year to date as of the close of trading on Wednesday. Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7.