NEW YORK (
) is trading at unusually high volume Monday with 2.9 million shares changing hands. It is currently at four times its average daily volume and trading up 65 cents (+3.8%) at $17.98 as of 1:35 p.m. ET.
Inergy L.P has a market cap of $2.65 billion and is part of the
industry. Shares are down 29% year to date as of the close of trading on Friday.
Inergy, L.P. engages in the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers in the United States. The company has a P/E ratio of 151.2, above the average utilities industry P/E ratio of 148.3 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Inergy L.P as a
. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full
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