Bronco Stock Hits New 52-Week High (BRNC)

NEW YORK ( TheStreet) -- Bronco Drilling Company Incorporated (Nasdaq: BRNC) hit a new 52-week high Wednesday as it traded at $10.62 compared with its previous 52-Week high of $10.41. Bronco is changing hands at $10.54 with 115,796 shares traded as of 9:51 a.m. ET. Average volume has been 347,000 shares over the past 30 days.

Bronco has a market cap of $291.5 million and is part of the basic materials sector and energy industry. Shares are up 28% year to date as of the close of trading on Tuesday.

Bronco Drilling Company, Inc. provides contract land drilling and workover services to the oil and natural gas exploration and production companies in the United States.
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TheStreet Ratings rates Bronco as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Bronco Ratings Report.

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