Eagle & Beagle
This week's eagle is gathering momentum.
Gulfport Energy, an Oklahoma City energy company, has issued some solid production reports in recent days. Meanwhile, the company has earned a couple of positive nods from analysts, each of whom put a target price on the stock a bit higher than its current price.
That helped push the price of GPOR shares up 13.3 percent last week. The stock gained $3.70 over the past five trading days to close Friday at $31.56. It closed the week especially strong, adding 6.5 percent on Friday.
In fact, GPOR has nearly doubled in price since dipping below $16 near the end of June, and trading volume has been robust.
Gulfport shares still have some room to run before hitting their 52-week high of $37.80 set back in February, but that's right about what those analysts are projecting.
As sometimes happens here in the world of weekly winners and losers, our current laggard was our former champion.
Compressco Partners LP, an Oklahoma City-based provider of wellhead compression equipment, slipped 4.5 percent last week. Units of GSJK dipped 78 cents over the past five trading days to close Friday at $16.51.
It's not unusual for a thinly traded issue like GSJK to give back some ground after a big gain, and even with last week's small decline the units are higher than they were two weeks ago. In fact, the stock chart is generally positive since the end of June.
For anyone wondering about that “GSJK” ticker symbol that includes several letters that aren't even in the company's name, know that GasJack is the name of one of the firm's notable pieces of equipment.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.