Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Gulfport Energy (Nasdaq: GPOR ) jumped 16% today on new well results.
So what: The Shugert 1-12H well in the Utica Shale tested at 28.5 million cubic feet of natural gas per day, 300 barrels of condensate, and 2,907 barrels of natural gas liquids. The company's joint venture MarkWest Harrison gas processing complex is also online.
Now what: Investors were pleased with the production test results today, and this should add to the company's continued growth. Shares now trade at 24.5 times trailing earnings, but on a forward basis, the stock trades at only 19.6 times next year's earnings, and after a few disappointing quarters, the hope is that the company could exceed those results. I'd like to see some actual results before buying in, but it's an incremental positive today.
Interested in more info on Gulfport Energy? Add it to your watchlist by clicking here.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.