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NEW YORK ( TheStreet) -- Noble Corporation (NYSE: NE) hit a new 52-week high Tuesday as it traded at $46.25 compared with its previous 52-Week high of $46.06. Noble is changing hands at $46.23 with 423,484 shares traded as of 9:37 a.m. ET. Average volume has been six million shares over the past 30 days. Noble has a market cap of $10.9 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 Monday. Noble Corporation provides offshore contract drilling services for the oil and gas industry worldwide. As of December 31, 2009, it operated a fleet of 62 mobile offshore drilling units, including 13 semisubmersibles, four dynamically positioned drillships, 43 jackups, and two submersibles. The company has a P/E ratio of 14.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 15.8.