Gulfport Energy rises ahead of S&P SmallCap inclusion
BUZZ-Gulfport Energy rises ahead of S&P SmallCap inclusion ** Gulfport Energy's GPOR.N shares up 3.5% to $168.50 in premarket trading on Mon as co poised to join S&P SmallCap 600 index .SPCY this week
** Natural-gas weighted E&P firm to replace Select Medical SEM.N in SPCY effective Weds, July 1, S&P Dow Jones Indices said late Fri
** Rehab healthcare operator SEM being acquired by a consortium led by some of its execs, including Executive Chairman and co-founder Robert Ortenzio, and private equity firm Welsh, Carson, Anderson & Stowe
** Stephens analyst Melissa Roberts said in note she expects passive funds will need to purchase 2 mln GPOR shares, implying about 6 days of buying demand
** Oklahoma City, Oklahoma-based GPOR has ~18 mln shares outstanding for $3 bln market cap
** Through Fri close, GPOR shares down ~22% YTD
** 8 of 13 analysts rate the stock "strong buy" or "buy", 5 "hold"; median PT $235.50, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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