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

A number of equities research analysts have recently weighed in on GPOR shares. Scotiabank reaffirmed a “sector outperform” rating and set a $34.00 target price (up previously from $33.00) on shares of Gulfport Energy Corp. in a research note on Saturday, May 7th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Gulfport Energy Corp. in a research note on Wednesday, July 6th. Vetr raised shares of Gulfport Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $35.67 target price on the stock in a research note on Monday, July 11th. Piper Jaffray Cos. started coverage on shares of Gulfport Energy Corp. in a research note on Friday, July 8th. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Gulfport Energy Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, June 28th. Eight equities 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 company’s stock. Gulfport Energy Corp. currently has a consensus rating of “Buy” and an average price target of $37.53.

The stock’s market capitalization is $3.56 billion. The stock has a 50 day moving average price of $30.81 and a 200 day moving average price of $29.02.

Gulfport Energy Corp. (NASDAQ:GPOR) last released its 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 analyst estimates of $161.76 million. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) earnings per share. Equities analysts anticipate that Gulfport Energy Corp. will post $0.46 EPS for the current year.

In related news, CEO Michael G. Moore sold 20,000 shares of Gulfport Energy Corp. stock in a transaction that occurred on Wednesday, June 15th. The shares were 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 approximately $7,452,466.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stuart Maier sold 10,000 shares of Gulfport Energy Corp. stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $33.35, for a total transaction of $333,500.00. Following the completion of the sale, the vice president now owns 20,366 shares of the company’s stock, valued at $679,206.10. The disclosure for this sale can be found here.

A number of hedge funds recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Gulfport Energy Corp. by 431.6% in the fourth quarter. Bank of Montreal Can now owns 45,480 shares of the company’s stock worth $1,118,000 after buying an additional 36,925 shares during the period. I.G. Investment Management LTD. boosted its stake in 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 during the period. Comerica Bank boosted its stake in 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 during the period. Mutual of America Capital Management LLC boosted its stake in Gulfport Energy Corp. by 58.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 114,818 shares of the company’s stock worth $2,821,000 after buying an additional 42,414 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Gulfport Energy Corp. by 79.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 131,001 shares of the company’s stock worth $3,219,000 after buying an additional 58,094 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.