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.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
null

If you liked this article you might like

Venoco Incorporated Stock Upgraded (VQ)

Venoco Stock Falls On Unusually High Volume (VQ)

Venoco Stock Gaps Up On Today's Open (VQ)

Venoco Stock Hits New 52-Week Low (VQ)

Venoco Stock Hits New 52-Week Low (VQ)

Venoco Stock Hits New 52-Week Low (VQ)

Venoco Stock Hits New 52-Week Low (VQ)