Copano Energy Stock Hits New 52-Week High (CPNO)

NEW YORK ( TheStreet) -- Copano Energy (Nasdaq: CPNO) hit a new 52-week high Friday as it is currently trading at $37.46, above its previous 52-week high of $37.40 with 238,582 shares traded as of 12:34 p.m. ET. Average volume has been 262,700 shares over the past 30 days.

Copano Energy has a market cap of $2.23 billion and is part of the basic materials sector and energy industry. Shares are up 8.3% year to date as of the close of trading on Thursday.

Copano Energy, L.L.C. provides midstream services to natural gas producers in the United States. The company's services comprise natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, conditioning, and fractionation.

TheStreet Ratings rates Copano Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Copano Energy Ratings Report.

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