Gulfport Energy Corporation (GPOR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on September 22. At the lunch break, shares of GPOR have gained 3.27% to $27.5 after closing the day prior at $26.63. In the first two and a half hours of trading, the stock has gone as high as $28.07 and as low as $26.88. Today’s rise has come with about 2.06 million shares changing hands, compared to an average 30-day volume of 2.87 million for Gulfport Energy Corporation. The price is currently below the 30-day volume weighted average price of $27.59 for GPOR.
The share appreciation gives the company a market capitalization of $3.34 billion based upon 125.37 million shares outstanding. It also means that GPOR has a price-to-book ratio of 1.77:1.
In the past 52 weeks, shares of GPOR have traded as low as $20.21 and as high as $36.12. Technical traders will take note that at $27.5, shares of GPOR are trading below their 200-day MA at $27.93 and below their 50-day MA at $28.32. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is GPOR?
Gulfport Energy Corp is an independent oil and natural gas exploration and production company engaged in the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. The company’s 230 employees are led by CEO Michael G. Moore from the corporate headquarters at 14313 North May Avenue in Oklahoma City, OK.
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