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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.3%. By the end of trading, Gulfport Energy Corporation rose $1.04 (1.6%) to $64.34 on average volume. Throughout the day, 1,443,038 shares of Gulfport Energy Corporation exchanged hands as compared to its average daily volume of 1,471,900 shares. The stock ranged in a price between $62.39-$64.44 after having opened the day at $62.58 as compared to the previous trading day's close of $63.30. Other companies within the Basic Materials sector that increased today were: Andatee China Marine Fuel Services Corporat ( AMCF), up 23.7%, Kimber Resources ( KBX), up 15.4%, Kimber Resources ( KBXR), up 15.4% and ZaZa Energy ( ZAZA), up 12.9%.

Gulfport Energy Corporation engages in the exploration, development, and production of oil and natural gas properties. Gulfport Energy Corporation has a market cap of $4.9 billion and is part of the energy industry. Shares are up 64.5% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Gulfport Energy Corporation a buy, no analysts rate it a sell, and none rate 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, GeoPetro Resources Company ( GPR), down 25.0%, International Tower Hill Mines ( THM), down 8.6%, Rubicon Minerals ( RBY), down 6.7% and Ivanhoe Energy ( IVAN), down 6.6% , were all laggards within the basic materials sector with Apache Corporation ( APA) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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