This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Energy Winners: Gulfport Energy

Stocks in this article: GPOR ESV

(Gulfport Energy story updated for Monday stock performance)

OKLAHOMA CITY, Okla. ( TheStreet) -- Last week ended with a rally for energy stocks on the combined effect of President Obama's offshore drilling plan and the price of oil rising above $85. The energy rally continued on Monday, with the sector up by 1.6% in the afternoon and oil rising to its highest level in 17 months, near $87.

One energy sector winner from last week that was continuing its run on Monday was Gulfport Energy (GPOR).

Still, Gulfport Energy's share spike was due to events taking place far away from OPEC countries and the U.S. offshore drilling locations. Specifically, Gulfport was rising for the third consecutive day on Monday because of oil sands acreage in Canada.

Gulfport was up more than 4.5% on Monday, or another 62 cents, to above $14. Gulfport shares hit a new 52-week high intra-day on Monday, at $14.35. Last Thursday, Gulfport shares had begun trading at $11.30.

Most of the oil and gas drilling plays were up by decent gains on last week, between 2% and 4% gains on Wednesday and Thursday. The gains among the well-known drillers were led on the last day of trading before the Easter holiday by ENSCO International (ESV), up close to 5%.

ENSCO shares were up close to 3% on Monday, too, though short of the level of Gulfport Energy's continued rally. What's more, ENSCO's gains last Thursday were nothing when compared with the one-day 20% gain in shares of Gulfport last Thursday.

Gulfport's gained $2.18 on Thursday. There were close to 1.3 million shares of Gulfport Energy traded on Thursday, versus an average daily volume of shares traded under 300,000. Trading of close to 600,000 Gulfport Energy shares on Monday afternoon was still week above its average daily volume.

While many energy investors are hunting for the next big offshore oil plays , investors were banking on an eventual initial public offering in the oil sands as they drove up the share price of Gulfport Energy.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs