NEW YORK ( TheStreet) -- Pride International (NYSE: PDE) hit a new 52-week high Thursday as it traded at $42.93 compared with its previous 52-Week high of $42.91. Pride International is changing hands at $42.91 with 1.1 million shares traded as of 3:22 p.m. ET. Average volume has been 3.8 million shares over the past 30 days. Pride International has a market cap of $7.5 billion and is part of the basic materials sector and energy industry. Shares are up 28.2% year to date as of the close of trading on Wednesday. Pride International, Inc. provides offshore contract drilling services to oil and natural gas exploration and production companies. It offers services through the use of mobile offshore drilling rigs in the United States and international waters. The company has a P/E ratio of 31, below the average energy industry P/E ratio of 34.6 and above the S&P 500 P/E ratio of 16.
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