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NEW YORK ( TheStreet) -- Newpark Resources (NYSE: NR) hit a new 52-week high Thursday as it is currently trading at $10.14, above its previous 52-week high of $10.09 with 493,637 shares traded as of 11:30 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Newpark has a market cap of $894.1 million and is part of the basic materials sector and energy industry. Shares are up 4.7% year to date as of the close of trading on Wednesday. Newpark Resources, Inc., together with its subsidiaries, provides fluids management, waste disposal, and well site preparation products and services primarily to the oil and gas exploration and production industry in the United States and internationally. The company has a P/E ratio of 13.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.