Tudor Pickering Downgrades Gulfport Energy (NYSE:GPOR) to Hold

Gulfport Energy (NYSE:GPOR) was downgraded by Tudor Pickering from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on GPOR. Jefferies Financial Group started coverage on Gulfport Energy in a research report on Thursday, October 23rd. They set a “buy” rating and a $250.00 price objective for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a report on Wednesday, October 8th. William Blair started coverage on Gulfport Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. Mizuho cut their price objective on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, UBS Group decreased their target price on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and an average price target of $221.25.

Gulfport Energy Trading Down 2.9%

Shares of Gulfport Energy stock opened at $215.33 on Monday. Gulfport Energy has a 12 month low of $153.27 and a 12 month high of $225.78. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -113.33 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s fifty day moving average price is $194.30.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The business had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million.

Insider Activity at Gulfport Energy

In other news, Director Timothy J. Cutt sold 2,635 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $210.45, for a total transaction of $554,535.75. Following the transaction, the director directly owned 35,473 shares of the company’s stock, valued at $7,465,292.85. This represents a 6.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the sale, the director directly owned 4,288 shares of the company’s stock, valued at $735,692.16. The trade was a 12.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,760 shares of company stock worth $978,140 over the last quarter. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Gulfport Energy during the 1st quarter valued at about $239,000. Rhumbline Advisers grew its position in Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock valued at $3,798,000 after buying an additional 248 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in Gulfport Energy by 337.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock valued at $12,412,000 after buying an additional 47,600 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Gulfport Energy during the second quarter valued at approximately $263,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Gulfport Energy in the second quarter worth approximately $557,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.