GeoResources Stock Hits New 52-Week High (GEOI)

NEW YORK (TheStreet) -- GeoResources (Nasdaq:GEOI) hit a new 52-week high Tuesday as it is currently trading at $38.34, above its previous 52-week high of $38.25 with 86,308 shares traded as of 1:35 p.m. ET. Average volume has been 350,900 shares over the past 30 days.

GeoResources has a market cap of $972 million and is part of the basic materials sector and energy industry. Shares are up 27.7% year to date as of the close of trading on Monday.

GeoResources, Inc., an independent oil and gas company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and related products primarily in Texas, North Dakota, Louisiana, Oklahoma, Montana, and Colorado. The company has a P/E ratio of 27.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates GeoResources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full GeoResources Ratings Report.

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