NEW YORK ( TheStreet) -- Bronco Drilling Company Incorporated (Nasdaq: BRNC) hit a new 52-week high Thursday as it traded at $11.61 compared with its previous 52-Week high of $11.24. Bronco is changing hands at $11.44 with 115,587 shares traded as of 10:25 a.m. ET. Average volume has been 351,700 shares over the past 30 days. Bronco has a market cap of $301.8 million and is part of the basic materials sector and energy industry. Shares are up 39.1% year to date as of the close of trading on Wednesday. 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. See all 52-week high stocks or get investment ideas from our investment research center.
Bronco Drilling Company Incorporated (Nasdaq:BRNC) is trading at unusually high volume Friday with 2.8 million shares changing hands. It is currently at 7.6 times its average daily volume and trading up 67 cents (+6.4%).