Gulfport Energy (OTCMKTS:GPORQ) Stock Price Up 1.6% – Still a Buy?

Shares of Gulfport Energy Co. (OTCMKTS:GPORQ) shot up 1.6% on Friday. The stock traded as high as $161.94 and last traded at $160.50. 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 Stock Performance

The stock has a market capitalization of $26.72 billion, a P/E ratio of -24.22 and a beta of 5.50. The stock has a 50-day simple moving average of $167.22 and a 200 day simple moving average of $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.