NEW YORK (

TheStreet

) --

GeoResources

(Nasdaq:

GEOI

) hit a new 52-week high Friday as it is currently trading at $34.64, above its previous 52-week high of $34.38 with 96,876 shares traded as of 12:29 p.m. ET. Average volume has been 291,800 shares over the past 30 days.

GeoResources has a market cap of $767.1 million and is part of the

basic materials

sector and

energy

industry. Shares are up 16.5% year to date as of the close of trading on Thursday.

Georesources, Inc., an independent oil and gas company, engages in the acquisition, re-engineering, development, and exploration of oil and gas reserves in the Southwest, Gulf Coast, and the Williston Basin areas of the United States. The company has a P/E ratio of 27.7, above the average energy industry P/E ratio of 24.6 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, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

GeoResources Ratings Report

.

See all

52-week high stocks

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