NEW YORK ( TheStreet) -- Shares of Petroquest Energy (NYSE: PQ) were gapping up Tuesday morning with an open price 11.1% higher than Monday's closing price. The stock closed at $5.95 Monday and opened today's trading at $6.61. The average volume for Petroquest Energy has been 1.3 million shares per day over the past 30 days. Petroquest Energy has a market cap of $372.5 million and is part of the basic materials sector and energy industry. Shares are down 21% year to date as of the close of trading on Monday. PetroQuest Energy, Inc. operates as an independent oil and gas company. It engages in the acquisition, exploration, development, and operation of oil and gas properties in Oklahoma, Arkansas, and Texas, as well as onshore and in the shallow waters offshore the Gulf Coast Basin. The company has a P/E ratio of 65.6, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Petroquest Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full Petroquest Energy Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.