Eagle & Beagle
Our eagle appears to gaining some momentum.
Gulfport Energy Corp. shares grew 10.6 percent last week, closing at $51.69. That's not just the highest closing price for GPOR shares in the past year; that's the highest closing price ever for the Oklahoma City company.
In the past couple of months, two analysts have initiated coverage of Gulfport, with both issuing positive recommendations.
While earnings dipped in the most recent quarter, the company boosted its oil production over the past year. And oil is in favor.
This month, Board Chairman Mike Liddell, a former CEO, said he would not stand for re-election at the upcoming annual meeting. Gulfport said there was no disagreement that led to Liddell's decision.
Obviously, traders don't seem to be worried about the direction of the company.
Last week, only a handful of state-based stocks failed to post higher prices. Thus, our beagle designation is awarded to a company that performed not all that badly.
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