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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Oceaneering International (NYSE: OII) hit a new 52-week high Thursday as it is currently trading at $70.60, above its previous 52-week high of $70.54 with 160,746 shares traded as of 10:18 a.m. ET. Average volume has been 771,200 shares over the past 30 days. Oceaneering International has a market cap of $7.59 billion and is part of the basic materials sector and energy industry. Shares are up 29.1% year to date as of the close of trading on Wednesday. Oceaneering International, Inc., together with its subsidiaries, provides engineered services and products primarily to the offshore oil and gas industry with a focus on deepwater applications worldwide. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7.