GeoResources Rises On Unusually High Volume (GEOI)

NEW YORK ( TheStreet) -- GeoResources (Nasdaq: GEOI) is trading at unusually high volume Friday with two million shares changing hands. It is currently at 4.6 times its average daily volume and trading up $1.08 (+4.3%) at $26.50 as of four p.m. ET.

GeoResources has a market cap of $624.6 million and is part of the basic materials sector and energy industry. Shares are up 14.4% year to date as of the close of trading on Thursday.

GeoResources, Inc., an independent oil and gas company, engages in the acquisition, development, production, and exploration of oil and gas reserves in the United States. The company has a P/E ratio of 21.2, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 15.6.

TheStreet Ratings rates GeoResources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, 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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