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.
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TheStreet Ratings rates RPC as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full RPC Ratings Report.

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