Constellation Energy Stock Soars (CEP)

NEW YORK ( TheStreet) -- Shares of Constellation Energy Partners (AMEX: CEP) have taken a tremendous swing upward. The stock is trading at $3.10 as of 9:34 a.m. ET, 21.1% above Tuesday's closing price of $2.56. Volume is at 38,204, 0.7 times the daily average of 58,200.

Constellation Energy has a market cap of $51.3 million and is part of the basic materials sector and energy industry. Shares are up 30.6% year to date as of the close of trading on Tuesday.

Constellation Energy Partners LLC engages in the acquisition, development, and production of oil and natural gas properties, as well as related midstream assets.

TheStreet Ratings rates Constellation Energy as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Constellation Energy Ratings Report.

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