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Gulfport Energy Up 3.3% Since Capital One Upgraded One Week Ago (GPOR)

Published on Tue, 09/03/2013 - 09:03
By Mallory Stone

Capital One upgraded Gulfport Energy (NASDAQ:GPOR) from Add to Strong Buy a week ago. The shares closed at $59.00, or 3.3% over the $57.14 price of one week ago.

Gulfport Energy share prices have moved between a 52-week high of $61.46 and a 52-week low of $15.79 and are now trading 286% above that low price at $60.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 1.4%.

Gulfport Energy Corporation owns and operates oil and gas properties in the Louisiana Gulf Coast area of the United States.

There is potential upside of 6.3% for shares of Gulfport Energy based on a current price of $60.99 and an average consensus analyst price target of $64.81. The stock should find initial support at its 50-day moving average (MA) of $52.19 and further support at its 200-day MA of $45.41.

By Mallory Stone
mstone@fnno.com