Gulfport Energy (NYSE:GPOR) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Gulfport Energy (NYSE:GPOR) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Roth Capital initiated coverage on Gulfport Energy in a report on Monday, October 13th. They set a “neutral” rating and a $200.00 target price for the company. Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday. KeyCorp lifted their target price on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Mizuho raised their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $230.88.

Gulfport Energy Stock Performance

GPOR opened at $179.64 on Wednesday. The firm’s fifty day simple moving average is $206.02 and its two-hundred day simple moving average is $187.92. Gulfport Energy has a 52-week low of $153.27 and a 52-week high of $225.78. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -94.55 and a beta of 0.61. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39.

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

Insider Buying and Selling

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 244,489 shares of Gulfport Energy stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $219.56, for a total transaction of $53,680,004.84. Following the transaction, the director directly owned 3,495,431 shares of the company’s stock, valued at $767,456,830.36. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David D. Wolf sold 1,525 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.27, for a total transaction of $320,661.75. Following the completion of the transaction, the director owned 4,462 shares in the company, valued at $938,224.74. The trade was a 25.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 307,427 shares of company stock worth $67,094,831 in the last quarter. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Gulfport Energy

Institutional investors have recently made changes to their positions in the company. Polymer Capital Management US LLC lifted its holdings in Gulfport Energy by 3.8% in the third quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after acquiring an additional 81 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Gulfport Energy by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock valued at $1,035,000 after purchasing an additional 83 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Gulfport Energy by 0.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after purchasing an additional 108 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Gulfport Energy by 7.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after purchasing an additional 119 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Gulfport Energy by 4.6% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock worth $551,000 after purchasing an additional 121 shares during the last quarter.

About Gulfport Energy

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.