NEW YORK ( TheStreet) -- Crosstex Energy (Nasdaq: XTEX) is trading at unusually high volume Wednesday with 667,144 shares changing hands. It is currently at 4.3 times its average daily volume and trading up 92 cents (+5.5%) at $17.53 as of 3:06 p.m. ET.

Crosstex Energy has a market cap of $802.5 million and is part of the basic materials sector and energy industry. Shares are up 15.3% year to date as of the close of trading on Tuesday.

Crosstex Energy, L.P., through its subsidiary, Crosstex Energy Services, L.P. operates as an independent midstream energy company. It engages in the gathering, transmission, processing, and marketing of natural gas and natural gas liquids in the north Texas Barnett shale area and Louisiana.

TheStreet Ratings rates Crosstex Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Crosstex Energy Ratings Report.

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