NEW YORK ( TheStreet) -- Shares of El Paso Corporation (NYSE: EP) were gapping up Monday morning with an open price 23.3% higher than Friday's closing price. The stock closed at $19.59 Friday and opened today's trading at $24.15. The average volume for El Paso has been 10.3 million shares per day over the past 30 days. El Paso has a market cap of $14.8 billion and is part of the basic materials sector and energy industry. Shares are up 39.2% year to date as of the close of trading on Friday. El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. The company has a P/E ratio of 27.4, above the average energy industry P/E ratio of 27 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates El Paso as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and disappointing return on equity. You can view the full El Paso 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.