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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) -- Atwood Oceanics (NYSE: ATW) hit a new 52-week high Monday as it is currently trading at $55.54, above its previous 52-week high of $55.49 with 333,012 shares traded as of 12:24 p.m. ET. Average volume has been 614,300 shares over the past 30 days. Atwood Oceanics has a market cap of $3.46 billion and is part of the basic materials sector and energy industry. Shares are up 18% year to date as of the close of trading on Friday. Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7.