The energy sector has been a standout performer so far in 2024, driven by a combination of robust demand, supply constraints, and geopolitical tensions. The S&P 500 Energy Sector ($SREN) is up nearly 11% on the year, outpacing the broader S&P 500 Index's ($SPX) return of 8.7%.
That strength extends to the small-cap universe, where Russell 2000 Index (RUT) component Gulfport Energy Corporation (GPOR) has been making some serious noise. This little energy champ's stock has jumped 16.9% since the year kicked off, and analysts are predicting more upside ahead. And despite that market-beating return - the Russell 2000 is up just 1.5% YTD - GPOR still looks like a bargain compared to other energy stocks, making it a decent value pick for investors looking to get in on the oil and gas action.
