NEW YORK ( TheStreet) -- Shares of Double Eagle Petroleum Company (Nasdaq: DBLE) were gapping up Tuesday morning with an open price 10.6% higher than Monday's closing price. The stock closed at $6.05 Monday and opened today's trading at $6.69.

The average volume for Double Eagle has been 105,400 shares per day over the past 30 days. Double Eagle has a market cap of $68.8 million and is part of the basic materials sector and energy industry. Shares are up 22.7% year to date as of the close of trading on Monday.

Double Eagle Petroleum Co., an independent energy company, engages in the exploration, development, production, and sale of natural gas and crude oil primarily in the Rocky Mountain Basins of the western United States.

TheStreet Ratings rates Double Eagle as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full Double Eagle Ratings Report.

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