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 Thursday as it is currently trading at $61.67, above its previous 52-week high of $61.60 with 1.1 million shares traded as of 12:35 p.m. ET. Average volume has been 2.2 million shares over the past 30 days. Noble Energy has a market cap of $21.44 billion and is part of the basic materials sector and energy industry. Shares are up 18.3% year to date as of the close of trading on Wednesday. Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids primarily in the United States, West Africa, and Eastern Mediterranean. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7.
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