Eagle & Beagle

Don Mecoy: Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks.
by Don Mecoy Published: August 18, 2013
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Eagle

The first order of business this week is an apology. I declared Access Midstream Partners as our beagle last week. It was not. I could blame a worn printer toner cartridge and aging eyes, but ultimately I failed to double-check the results. Shares of ACMP were barely changed week before last. We ran a correction on Tuesday, but I wanted to add my regrets.

This week's best-performing stock was a local energy firm that has been producing.

Earlier this month, Gulfport Energy Corp. reported a second-quarter profit of $43.8 million, up from $25.1 million in the year-ago period while boosting its production of oil. The Oklahoma City company also promoted CFO Michael G. Moore to president.

After that news, the stock earned an upgrade from one analyst.

In the worst week of the year for the Dow Jones industrial average, GPOR's 3.7 percent gain must have felt like pennies from heaven for investors.

The stock closed Friday at $53.42, more than double the price of its low over the past year and within five bucks of the 52-week high.

Beagle

Our beagle this week is building for the future.


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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