NEW YORK ( TheStreet) -- Shares of Earthstone Energy (AMEX: ESTE) have taken a tremendous swing upward. The stock is trading at $21.08 as of 2:43 p.m. ET, 20.5% above Friday's closing price of $17.50. Volume is at 187,582, 56.8 times the daily average of 3,300. Earthstone Energy has a market cap of $29.2 million and is part of the basic materials sector and energy industry. Shares are up 13.3% year to date as of the close of trading on Friday. Earthstone Energy, Inc. engages in the acquisition, exploitation, development, operation, and production of crude oil and natural gas properties in the United States. The company has a P/E ratio of 16.1, above the average energy industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Earthstone Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Earthstone Energy Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.