GeoResources Stock Hits New 52-Week High (GEOI)

NEW YORK ( TheStreet) -- GeoResources (Nasdaq: GEOI) hit a new 52-week high Monday as it is currently trading at $35.75, above its previous 52-week high of $35.69 with 203,732 shares traded as of 1 p.m. ET. Average volume has been 291,800 shares over the past 30 days.

GeoResources has a market cap of $767.1 million and is part of the basic materials sector and energy industry. Shares are up 18.2% year to date as of the close of trading on Friday.

Georesources, Inc., an independent oil and gas company, engages in the acquisition, re-engineering, development, and exploration of oil and gas reserves in the Southwest, Gulf Coast, and the Williston Basin areas of the United States. The company has a P/E ratio of 27.3, above the average energy industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates GeoResources 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, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full GeoResources Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.