Eagle & Beagle
This week's eagle is a relative newcomer to the universe of Oklahoma stocks.
Compressco Partners began trading on the Nasdaq Stock Market in June 2011 under the ticker symbol GSJK. That ticker symbol is drawn from a key Compressco product, the GasJack compressor the firm uses to boost production from natural gas wells.
GSJK shares jumped 15 percent last week to close Friday at $23.02.
Traders likely noticed that the company recently borrowed under its credit facility to expand its fleet of compressor units in the United States and Canada. The Oklahoma City company said the move was a response to increased demand for its oil and natural gas production enhancement services.
And that's likely why the stock price is at an all-time high.
The good news is that none of our state-based stocks suffered a particularly bad week.
The bad news is that one must wear the beagle collar. The current runt of the litter is Educational Development Corp., a Tulsa-based seller of children's books at book parties, stores and through the Internet.
Shares of EDUC slipped 4.9 percent last week, although that represented just an 18-cent loss for the stock, which closed Friday at $3.55.
The stock is thinly traded, with just more than 40,000 shares changing hands all week. That's about 60 seconds of average trading for something like Chesapeake Energy.
Although the stock trades in a narrow range — less than $1.50 from its low to its high over the past year — it's currently at the bottom of that range.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.