Gulfport Energy Corporation (GPOR): Today's Featured Basic Materials Winner

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

Gulfport Energy Corporation ( GPOR) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 1.2%. By the end of trading, Gulfport Energy Corporation rose $0.95 (1.9%) to $51.69 on light volume. Throughout the day, 949,968 shares of Gulfport Energy Corporation exchanged hands as compared to its average daily volume of 1,660,700 shares. The stock ranged in a price between $49.91-$51.90 after having opened the day at $50.62 as compared to the previous trading day's close of $50.74. Other companies within the Basic Materials sector that increased today were: Newpark Resources ( NR), up 16.0%, Timberline Resources Corporation ( TLR), up 14.3%, Torch Energy Royalty ( TRU), up 13.2% and China Gengsheng Minerals ( CHGS), up 8.6%.
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Gulfport Energy Corporation engages in the exploration, development, and production of oil and natural gas properties. Gulfport Energy Corporation has a market cap of $3.9 billion and is part of the energy industry. The company has a P/E ratio of 39.5, above the S&P 500 P/E ratio of 17.7. Shares are up 32.8% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Gulfport Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the negative front, GeoPetro Resources Company ( GPR), down 42.9%, Key Energy Services ( KEG), down 16.8%, Noranda Aluminum ( NOR), down 13.2% and Rubicon Minerals ( RBY), down 8.9% , were all laggards within the basic materials sector with EOG Resources ( EOG) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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