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Gulfport Energy Corporation (GPOR) [hlAlert]

Rating:
Outperform
GPOR
down 41.67 %

Gulfport Energy Corporation (GPOR) rated Outperform by Wells Fargo

Posted on: Wednesday,  Sep 4, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Gulfport Energy Corporation (NASDAQ: GPOR) on 09/04/2013, when the stock price was $60.59. Since
then, Gulfport Energy Corporation has lost 41.67% as of 11/03/2015's recent price of $35.34.
If you would have followed this Wells Fargo's recommendation on GPOR, you would have lost 41.67% of your investment in 790 days.

Gulfport Energy Corporation (Gulfport) 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 (WCBB), Hackberry fields, and in West Texas in the Permian Basin. The Company holds a significant acreage position in the Alberta oil sands in Canada, through its interest in Grizzly Oil Sands ULC (Grizzly), and in the Bakken Shale, and has interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand. As of December 31, 2008, Gulfport had 25.5 million barrels of oil equivalent. The Company?s wholly owned subsidiary, Grizzly has approximately 511,000 acres under lease during 2008. Grizzly drilled an aggregate of 117 core holes, tested five separate lease blocks using up to four different rigs, and undertook a seismic program.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/4/2013 8:25 AM Buy
None
60.59
as of 12/13/2013
1 Week down  -3.71 %
1 Month down  -5.11 %
3 Months down  -10.67 %
1 YTD down  -7.49 %

(*) Stock Price at the time of the recommendation.
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