Complete Production Services Stock Soars (CPX)

NEW YORK ( TheStreet) -- Shares of Complete Production Services (NYSE: CPX) have taken a tremendous swing upward. The stock is trading at $29.51 as of 9:30 a.m. ET, 44.8% above Friday's closing price of $20.38. Volume is at 1.9 million, 0.7 times the daily average of 2.6 million.

Complete Production Services has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. Shares are down 30.5% year to date as of the close of trading on Friday.

Complete Production Services, Inc. provides specialized completion and production services and products to develop hydrocarbon reserves for oil and gas companies primarily in North America and southeast Asia. The company has a P/E ratio of 9.4, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Complete Production Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Complete Production Services Ratings Report.

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