Notable News to Focus: Gulfport Energy Corporation’s (NASDAQ:GPOR)

Gulfport Energy Corporation’s (NASDAQ:GPOR) stock observed trading -65.47% off 52-week high price. On the other end, the stock has been noted 45.39% away from low price over the last 52-weeks. The stock disclosed a move of 16.75% away from 50 day moving average and -26.60% away from 200 day moving average. Moving closer, we can see that shares have been trading 24.57% off 20-day moving average. It has market cap of $552.74M.

On Dec. 19, 2019, Bison, Oklahoma’s largest water infrastructure, logistics and solutions provider, revealed that it has entered into definitive agreements to acquire Gulfport Energy Corporation’s (NASDAQ:GPOR) water infrastructure in the SCOOP for an upfront payment and other contingent consideration based on the timing, pace and magnitude of Gulfport’s future development program and water production levels. Simultaneously, the parties entered into 15-year agreements whereby Bison will exclusively manage all of Gulfport’s water gathering, recycling, storage, reuse, disposal, transportation, logistics and sourcing within a dedicated area across Grady, Garvin and Stephens counties. The acquired assets include the 15-year agreements, a multi-line water gathering and delivery system, 2.3 million barrels of storage capacity, 40,000 barrels per day of recycling capacity, 55,000 barrels per day of freshwater supply capacity, associated real property and a pending saltwater disposal permit.

North Whipple, CEO of Bison, commented: ‘s announcement is another major milestone for our company, which has grown exponentially throughout the year and now serves over 12 E&P customers dedicated to our infrastructure under long-term agreements. In addition to serving Gulfport’s development for the next 15 years, these assets will allow us to bring new recycling and reuse solutions to our customers throughout the SCOOP. We are proud to have been selected among the many other bidders in this highly competitive process and believe it is a testament to our proven track record of responsibly managing water infrastructure of any size, scale and scope across Oklahoma.

The USA based company Gulfport Energy Corporation moved with change of 6.94% to $3.32 with the total traded volume of 7516022 shares in recent session versus to an average volume of 4.57M shares. The stock was observed in the 5 days activity at 16.32%. The one month performance of stock was 20.99%. GPOR’s shares are at 3.27% for the quarter and driving a -55.68% return over the course of the past year and is now at -49.39% since this point in 2018.  Right now the stock beta is 0.85. The average volatility for the week and month was at 8.23% and 7.43% respectively. There are 166.74M shares outstanding and 143.13M shares are floated in market.

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