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Stock Market & Financial Investment News

News Breaks
February 11, 2013
07:51 EDTGPORGulfport Energy proposes acquisition of additional Utica acreage for $220M
Gulfport Energy announced its proposed acquisition of additional working interests in the Utica Shale in Eastern Ohio. Gulfport has entered into a definitive agreement to purchase approximately 22,000 net acres in the Utica Shale in Eastern Ohio from Windsor Ohio, an affiliate of Wexford Capital LP, for approximately $220M, increasing Gulfport's leasehold interests in the Utica Shale to approximately 137,000 gross acres. This acquisition excludes Windsor Ohio's interest in 14 existing wells and 16 proposed future wells and certain acreage surrounding these wells. The proposed transaction, which is expected to close prior to the end of February, will increase Gulfport's working interest in the acreage to 93.8%. After giving effect to this acquisition, Gulfport currently estimates that its 2013 net production will be approximately 21,370 to 22,192 barrels of oil equivalent per day. Gulfport will continue to serve as operator of its acreage in the Utica Shale. The transaction was approved by a special committee of Gulfport's board.
News For GPOR From The Last 14 Days
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April 20, 2015
10:00 EDTGPOROn The Fly: Analyst Downgrade Summary
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08:06 EDTGPORGulfport Energy downgraded to Accumulate from Buy at KLR Group
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08:04 EDTGPORGulfport Energy price target raised to $60 from $50 at Stifel
Stifel increased its price target on Gulfport after the company reported higher than expected Q1 production and agreed to acquire Paloma Partners III, LLC for approximately $300M. The firm keeps a Buy rating on the stock.
April 16, 2015
09:18 EDTGPOROn The Fly: Pre-market Movers
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08:59 EDTGPORGulfport Energy 9.5M share Spot Secondary priced at $47.75
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06:05 EDTGPORGulfport Energy 7.5M share Spot Secondary, price range $46.75-$48.75
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April 15, 2015
16:15 EDTGPORGulfport Energy commences 7.5M shares of common stock
Credit Suisse Securities and Scotia Capital are acting as joint book-running managers in the offering.
16:14 EDTGPORGulfport Energy reports Q1 production 424.4 MMcfe per day
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16:12 EDTGPORGulfport Energy to acquire Paloma Partners III for about $300M
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15:21 EDTGPORGulfport Energy management to meet with SunTrust
Group dinner to be held in New York on April 20 hosted by SunTrust.
06:39 EDTGPORGulfport Energy coverage resumed with a Neutral at Goldman
Target $41.

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