Gulfport Energy Corporation (GPOR) Shares are Up 2.82%

Gulfport Energy Corporation (GPOR) has been under a strong bear grip, hence the stock is down -12.28% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.77% in the past 1 week. The stock has risen by 2.82% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.38% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 5.47% and the 50-Day Moving Average is 11.66%. Gulfport Energy Corporation (NASDAQ:GPOR): The stock was completely flat for the day, closing at $26.95 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $26.96, the stock touched an intraday high of $27.20 and a low of $26.81. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $26.95. The total trading volume on Friday was 1,428,563.


The company Insiders own 0.39% of Gulfport Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.96% . During last six month period, the net percent change held by insiders has seen a change of 4.38%. Also, KLR Group upgrades their rating on the shares of Gulfport Energy Corporation (NASDAQ:GPOR). The current rating of the shares is Buy. Earlier, the shares were rated a Accumulate by the brokerage firm. The rating by the firm was issued on August 5, 2016.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. It has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Companys principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand.

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