Gulfport Energy Corp. (NASDAQ:GPOR) shares were down 3.9% during trading on Monday . The stock traded as low as $27.92 and last traded at $27.95, with a volume of 861,038 shares traded. The stock had previously closed at $29.09.

Several research analysts have commented on GPOR shares. Alembic Global Advisors downgraded Gulfport Energy Corp. from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 5th. Zacks Investment Research downgraded Gulfport Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Howard Weil lifted their target price on Gulfport Energy Corp. from $33.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Friday, May 6th. Scotiabank reaffirmed a “sector outperform” rating and set a $34.00 target price (up from $33.00) on shares of Gulfport Energy Corp. in a report on Saturday, May 7th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Gulfport Energy Corp. in a research note on Sunday, May 8th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.53.

The stock has a 50 day moving average price of $30.93 and a 200-day moving average price of $28.99. The stock’s market capitalization is $3.49 billion.

Gulfport Energy Corp. (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company earned $156.96 million during the quarter, compared to the consensus estimate of $161.76 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, analysts predict that Gulfport Energy Corp. will post $0.46 EPS for the current fiscal year.

In other news, VP Stuart Maier sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $33.35, for a total value of $333,500.00. Following the sale, the vice president now directly owns 20,366 shares of the company’s stock, valued at approximately $679,206.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael G. Moore sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $32.95, for a total value of $659,000.00. Following the completion of the sale, the chief executive officer now directly owns 226,175 shares in the company, valued at $7,452,466.25. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of GPOR. I.G. Investment Management LTD. boosted its stake in shares of Gulfport Energy Corp. by 0.7% in the fourth quarter. I.G. Investment Management LTD. now owns 77,720 shares of the company’s stock worth $1,910,000 after buying an additional 545 shares in the last quarter. Swiss National Bank boosted its stake in shares of Gulfport Energy Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 140,858 shares of the company’s stock worth $3,461,000 after buying an additional 800 shares in the last quarter. Comerica Bank boosted its stake in shares of Gulfport Energy Corp. by 1.4% in the fourth quarter. Comerica Bank now owns 80,971 shares of the company’s stock worth $1,940,000 after buying an additional 1,104 shares in the last quarter. Russell Frank Co boosted its stake in shares of Gulfport Energy Corp. by 0.5% in the fourth quarter. Russell Frank Co now owns 228,958 shares of the company’s stock worth $5,284,000 after buying an additional 1,250 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Gulfport Energy Corp. by 2.5% in the fourth quarter. Rhumbline Advisers now owns 151,966 shares of the company’s stock worth $3,734,000 after buying an additional 3,730 shares in the last quarter.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.

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