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NEW YORK ( TheStreet) -- RPC (NYSE: RES) hit a new 52-week high Monday as it traded at $22.61 compared with its previous 52-Week high of $22.58. RPC is changing hands at $22.62 with 1.4 million shares traded as of 2:26 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. RPC has a market cap of $3.1 billion and is part of the basic materials sector and energy industry. Shares are up 18.1% year to date as of the close of trading on Friday. RPC, Inc., an oil and gas services company, provides a range of oilfield services and equipment to the oil and gas companies primarily in the United States. It operates in two segments, Technical Services and Support Services. The company has a P/E ratio of 20.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 15.8.