Shares of Gulfport Energy Co. (OTCMKTS:GPORQ – Get Free Report) shot up 1.6% on Friday. The company traded as high as $161.94 and last traded at $160.50. Approximately 472,455 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 2,578,359 shares. The stock had previously closed at $158.01.
Gulfport Energy Trading Up 1.6%
The stock has a market cap of $25.80 billion, a P/E ratio of -23.40 and a beta of 5.50. The company’s 50 day moving average price is $167.22 and its two-hundred day moving average price is $170.69.
Gulfport Energy Company Profile
Gulfport Energy Corporation is an independent exploration and production company focused on developing oil and natural gas resources in the Appalachian Basin. Its operations have been concentrated primarily in eastern Ohio, where the company holds acreage in the Utica and Marcellus shale formations.
The company produces natural gas, condensate, natural gas liquids and crude oil. Its activities include leasing mineral interests, drilling and completing horizontal wells, operating production infrastructure, and marketing hydrocarbons to customers and midstream partners.
Gulfport Energy was founded in 1997 and historically expanded through its focus on unconventional shale resources, particularly in the Utica play.
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