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NEW YORK ( TheStreet) -- Seadrill (NYSE: SDRL) hit a new 52-week low Monday as it is currently trading at $26.19, below its previous 52-week low of $26.26 with 2.7 million shares traded as of 12:31 p.m. ET. Average volume has been 2.9 million shares over the past 30 days. Seadrill has a market cap of $13.5 billion and is part of the basic materials sector and energy industry. Shares are down 18.8% year to date as of the close of trading on Friday. Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industries worldwide. It also offers platform drilling, well intervention, and engineering services. The company has a P/E ratio of 10.6, above the average energy industry P/E ratio of 6.4 and below the S&P 500 P/E ratio of 17.7.