Inergy L.P Rises On Unusually High Volume (NRGY)

NEW YORK ( TheStreet) -- Inergy L.P (NYSE: NRGY) is trading at unusually high volume Thursday with 4.4 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $3.08 (+18.3%) at $19.92 as of 12:05 p.m. ET.

Inergy L.P has a market cap of $2.03 billion and is part of the utilities sector and utilities industry. Shares are down 31% year to date as of the close of trading on Wednesday.

Inergy, L.P. engages in the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers in the United States.

TheStreet Ratings rates Inergy L.P as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full Inergy L.P Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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