NEW YORK (

TheStreet

) --

Crosstex Energy

(Nasdaq:

XTEX

) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at 6.2 times its average daily volume and trading down 92 cents (-5.4%) at $16.01 as of 9:30 a.m. ET.

Crosstex Energy has a market cap of $864.2 million and is part of the

basic materials

sector and

energy

industry. Shares are up 4.4% year to date as of the close of trading on Wednesday.

TheStreet Recommends

Crosstex Energy, L.P. operates as an independent midstream energy company.

TheStreet Ratings rates Crosstex Energy as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full

Crosstex Energy Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center

.

null