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NEW YORK ( TheStreet) -- Superior Energy Services (NYSE: SPN) hit a new 52-week low Tuesday as it is currently trading at $17.56, below its previous 52-week low of $17.83 with 719,632 shares traded as of 11:45 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. Superior Energy Services has a market cap of $2.94 billion and is part of the basic materials sector and energy industry. Shares are down 37.1% year to date as of the close of trading on Monday. Superior Energy Services, Inc. provides specialized oilfield services and equipments to serve the production and drilling-related needs of oil and gas companies. It operates through three segments: Subsea and Well Enhancement, Drilling Products and Services, and Marine. The company has a P/E ratio of 8.5, below the average energy industry P/E ratio of 9.4 and below the S&P 500 P/E ratio of 17.7.