Eagle & Beagle for Sunday, Jan. 12, 2014

Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma's high-performing (eagle) and low-performing (beagle) stocks.
by Don Mecoy Published: January 12, 2014
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Stocks

Eagle

If our eagle were to issue a cry, it would be “Thank God it's Friday.”

Shares of the Oklahoma City energy firm PostRock Energy Corp. added 16 percent for the week, with more than half the gain coming on the final day of trading.

The stock is cheap — closing at $1.38 at week's end — and thinly traded with an average daily volume of just 30,000 shares. That tends to make it volatile by our measure of percentage gained and lost.

Friday trading of PSTR was the week's heaviest, and provided the biggest boost.

After the shares reached their highest closing price in more than a month, investors are hoping the upward momentum can be sustained.

Beagle

I've got good news and bad news. Traders always want to hear the bad news.

This week's beagle, Gulfport Energy Corp., announced Monday that it ended the year with record daily production, more than tripling the year-ago figure. That's the good news.

Unfortunately, the Oklahoma City oil and natural gas producer also said first-quarter production would be flat due to scheduled downtime on some producing wells. That prompted a downgrade from an analyst with RBC Capital Markets.

The stock price gapped down at Tuesday's opening bell, and hasn't yet regained that lost ground. For the week, GPOR slipped 9 percent to close Friday at $54.

For long-term shareholders, just look at the one-year chart. You're still way ahead.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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