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NEW YORK ( TheStreet) -- Parker Drilling Company (NYSE: PKD) hit a new 52-week low Tuesday as it is currently trading at $3.66, below its previous 52-week low of $3.85 with 194,490 shares traded as of 10:06 a.m. ET. Average volume has been 1.4 million shares over the past 30 days. Parker has a market cap of $513.3 million and is part of the basic materials sector and energy industry. Shares are down 13.8% year to date as of the close of trading on Monday. Parker Drilling Company, together with its subsidiaries, provides contract drilling and drilling-related services in the United States, Latin America, Africa and the Middle East (AME), the Asia Pacific, and Commonwealth of Independent States (CIS). The company has a P/E ratio of 109.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.