NEW YORK ( TheStreet) -- Shares of Seahawk Drilling (Nasdaq: HAWK) were gapping down Monday morning with an open price 55.7% lower than Friday's closing price. The stock closed at $7.90 Friday and opened today's trading at $3.50. The average volume for Seahawk has been 211,400 shares per day over the past 30 days. Seahawk has a market cap of $89.3 million and is part of the basic materials sector and energy industry. Seahawk Drilling, Inc. engages in a jackup rig business in the United States, Gulf of Mexico, and offshore Mexico. The company offers rigs and drilling crews on a day rate contractual basis. TheStreet Ratings rates Seahawk as sell. Among the areas we feel are negative, one of the most important has been the company's poor growth in earnings per share. You can view the full Seahawk Ratings Report.