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NEW YORK ( TheStreet) -- Precision Drilling (NYSE: PDS) hit a new 52-week high Monday as it traded at $12.58 compared with its previous 52-Week high of $12.33. Precision is changing hands at $12.55 with 19,708 shares traded as of 9:32 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Precision has a market cap of $3.3 billion and is part of the basic materials sector and energy industry. Shares are up 26.8% year to date as of the close of trading on Friday. Precision Drilling Corporation, through its subsidiaries, provides onshore drilling, well servicing, and ancillary oilfield services to the oil and gas industry primarily in Canada and the United States. The company has a P/E ratio of 54.9, above the average energy industry P/E ratio of 54.6 and above the S&P 500 P/E ratio of 15.8.