NEW YORK (

TheStreet

) --

Superior Energy Services

(NYSE:

SPN

) hit a new 52-week high Monday as it is currently trading at $41.74, above its previous 52-week high of $41.65 with 594,505 shares traded as of 1:16 p.m. ET. Average volume has been 941,900 shares over the past 30 days.

Superior Energy Services has a market cap of $3.2 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 18.6% year to date as of the close of trading on Friday.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to serve the production and drilling related needs of oil and gas companies. The company operates through three segments: Subsea and Well Enhancement, Drilling Products and Services, and Marine. The company has a P/E ratio of 42.5, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Superior Energy Services as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full

Superior Energy Services Ratings Report

.

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