Gulfport Energy Rises On Unusually High Volume (GPOR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Gulfport Energy Corporation (Nasdaq: GPOR) is trading at unusually high volume Tuesday with 2.2 million shares changing hands. It is currently at two times its average daily volume and trading up 81 cents (+2.1%) at $39.83 as of 3:01 p.m. ET.

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Gulfport Energy has a market cap of $2.16 billion and is part of the basic materials sector and energy industry. Shares are up 31.4% year to date as of the close of trading on Monday.

Gulfport Energy Corporation engages in the exploration, development, and production of oil and natural gas properties. Its principal properties are located in the Louisiana Gulf Coast, in west Texas in the Permian Basin and in western Colorado in the Niobrara Formation. The company has a P/E ratio of 25.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gulfport Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Gulfport Energy Ratings Report.

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