NEW YORK ( TheStreet) -- Shares of GeoResources (Nasdaq: GEOI) were gapping up Wednesday morning with an open price 17.4% higher than Tuesday's closing price. The stock closed at $30.77 Tuesday and opened today's trading at $36.13. The average volume for GeoResources has been 260,200 shares per day over the past 30 days. GeoResources has a market cap of $779.5 million and is part of the basic materials sector and energy industry. Shares are up 5% year to date as of the close of trading on Tuesday. 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 24.9, equal to the average energy industry P/E ratio 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, compelling growth in net income, good cash flow from operations and expanding profit margins. 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. Get more investment ideas from our investment research center.