Why These Energy Stocks are Gaining This Week

7. Gulfport Energy Corporation (NYSE:GPOR)

Share Price Gains Between Sep 25 – Oct 2: 6.08%

Gulfport Energy Corporation (NYSE:GPOR) is an independent natural gas-weighted exploration and production company with assets primarily located in the Appalachia and Anadarko basins.

Gulfport Energy Corporation (NYSE:GPOR) received significant investor attention this week following a significant surge in the price of natural gas, with Henry Hub rising by over 30%. Natural gas prices tend to move higher with colder months approaching due to an expected increase in consumption. Moreover, the latest EIA storage data came in bullish, as inventories increased by only 53 bcf for the week ending September 26, well under forecasts of 67 bcf and the 5-year average build of 85 bcf.

Following the recent uptick, the share price of Gulfport Energy Corporation (NYSE:GPOR) has surged by more than 23% over the last year.