GPOR Stock Summary and Trading Ideas (Gulfport Energy Common Shares | NYSE:GPOR)

Gulfport Energy Corp is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States. It operates through Utica Shale and Scoop properties. The Utica Shale is located in the Appalachian Basin of the United States and Canada. The Scoop (South Central Oklahoma Oil Province) play of Oklahoma is located in the southeast portion of the prolific Anadarko Basin.

Gulfport Energy Common Shares trades on the NYSE stock market under the symbol GPOR.

As of April 23, 2024, GPOR stock price climbed to $156.75 with 154,484 million shares trading.

GPOR has a beta of 0.90, meaning it tends to be less sensitive to market movements. GPOR has a correlation of 0.14 to the broad based SPY ETF.

GPOR has a market cap of $2.84 billion. This is considered a Mid Cap stock.

Last quarter Gulfport Energy Common Shares reported $489 million in Revenue and $5.02 earnings per share. This beat revenue expectation by $187 million and exceeded earnings estimates by $1.12.

The top ETF exchange traded funds that GPOR belongs to (by Net Assets): VTI, XOP, IWM, AVUV, VXF.

GPOR has outperformed the market in the last year with a price return of +88.6% while the SPY ETF gained +24.3%. GPOR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +23.3% and -2.5%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

GPOR support price is $152.71 and resistance is $158.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GPOR stock will trade within this expected range on the day.