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NEW YORK ( TheStreet) -- Pride International (NYSE: PDE) hit a new 52-week high Monday as it is currently trading at $44.02, above its previous 52-week high of $44 with 453,732 shares traded as of 10:37 a.m. ET. Average volume has been 3.4 million shares over the past 30 days. Pride International has a market cap of $7.6 billion and is part of the basic materials sector and energy industry. Shares are up 33.1% year to date as of the close of trading on Friday. 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 31.4, below the average energy industry P/E ratio of 35 and above the S&P 500 P/E ratio of 17.