NEW YORK (

TheStreet

) -- Shares of

Venoco Incorporated

(NYSE:

VQ

) have taken a tremendous swing upward. The stock is trading at $11.89 as of 9:30 a.m. ET, 32.4% above Friday's closing price of $8.98. Volume is at 142,143, 0.3 times the daily average of 501,900.

Venoco has a market cap of $528.7 million and is part of the

basic materials

sector and

energy

industry. Shares are down 51.3% year to date as of the close of trading on Friday.

Venoco, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties. Its principal properties are located both onshore and offshore southern California and onshore in California's Sacramento Basin. The company has a P/E ratio of four, below the average energy industry P/E ratio of 37.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Venoco as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full

Venoco Ratings Report

.

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