NEW YORK ( TheStreet) -- Atwood Oceanics (NYSE: ATW) hit a new 52-week high Thursday as it is currently trading at $56.72, above its previous 52-week high of $56.71 with 154,740 shares traded as of 10:51 a.m. ET. Average volume has been 624,000 shares over the past 30 days.

Atwood Oceanics has a market cap of $3.6 billion and is part of the basic materials sector and energy industry. Shares are up 21% year to date as of the close of trading on Wednesday.

Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Atwood Oceanics as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Atwood Oceanics Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..