Gulfport Energy (OTCMKTS:GPORQ) Shares Down 2.1% – Here’s Why

Gulfport Energy Co. (OTCMKTS:GPORQ) shares traded down 2.1% during mid-day trading on Thursday . The company traded as low as $173.76 and last traded at $176.33. 218,373 shares changed hands during trading, a decline of 92% from the average daily volume of 2,578,359 shares. The stock had previously closed at $180.04.

Gulfport Energy Price Performance

The firm’s 50-day moving average price is $165.86 and its 200 day moving average price is $179.85. The firm has a market capitalization of $28.35 billion, a price-to-earnings ratio of -25.70 and a beta of 5.50.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent exploration and production company focused on developing and producing oil and natural gas in the United States. Its operations are concentrated in the Utica Shale of southeastern Ohio, where the company holds acreage and operates horizontal wells targeting natural gas, natural gas liquids and crude oil.

The company’s activities include leasing mineral interests, drilling and completing wells, producing hydrocarbons, and managing related gathering and midstream arrangements.