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

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 lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Gulfport Energy Corporation fell $0.54 (-1.0%) to $52.86 on average volume. Throughout the day, 1,480,817 shares of Gulfport Energy Corporation exchanged hands as compared to its average daily volume of 1,627,400 shares. The stock ranged in price between $52.57-$53.86 after having opened the day at $53.45 as compared to the previous trading day's close of $53.40. Other companies within the Basic Materials sector that declined today were: GeoPetro Resources Company ( GPR), down 20.0%, North American Palladium ( PAL), down 14.7%, Minco Gold Corporation ( MGH), down 12.9% and Kimber Resources ( KBX), down 7.7%.
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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 $4.1 billion and is part of the energy industry. The company has a P/E ratio of 41.3, above the S&P 500 P/E ratio of 17.7. Shares are up 39.7% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Gulfport Energy Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

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 positive front, Tasman Metals ( TAS), down 29.0%, USEC ( USU), down 25.7%, James River Coal Company ( JRCC), down 18.4% and Uranium Resources ( URRE), down 10.9% , were all gainers within the basic materials sector with National Oilwell Varco ( NOV) being today's featured basic materials sector leader.

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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