At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.
|Company||Symbol||Industry||Stock Rating||YTD% Gain||S.T. Stop Loss|
|Gulfport Energy Corp||GPOR||Oil & Gas Exploration & Production||8.0||+20.92%||$47.44|
Why We Like The Stock:
Gulfport Energy Corp. (GPOR) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Energy stocks haven’t been big outperformers in 2013, but with chatter of sector rotation and favorable seasonality, now might be a good time to hone in on the sector.
GPOR is a small-cap stock in the oil and gas exploration and production space, though it looks considerably better from a technical standpoint than its peers SM Energy Co. (SM) and Newfield Exploration Co. (NFX). The stock hit recent highs in early May of $59.38, then proceeded to pull back down to the 50-day moving average. Currently, the stock bounced off of the 50-day this morning, and seems to have based just north of $48. We like GPOR here for a run back up to recent highs and a continuation of its strong uptrend dating back to June 2012.
We Would Be Buyers:
At the current price (~$48.36).
Gulfport Energy Corporation is an independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast in the West Cote Blanche Bay, or WCBB, and Hackberry fields, and in West Texas in the Permian Basin. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC, and has interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand. In February 2013, it raised its stake to 93.8%, by acquiring a 16.2% stake in the Utica Shale assets, located in Ohio, from Windsor Ohio LLC.
Stock Rating: 8.0
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.
Gulfport Energy – Last Three Months
Gulfport Energy – Last 12 Months
Gulfport Energy – Last Five Years
Note: Positions may be bought or sold while this publication is in circulation without notice.