Gulfport Energy (NYSE:GPOR) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Gulfport Energy (NYSE:GPOR) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks reports.

GPOR has been the topic of several other reports. Stifel Nicolaus set a $193.00 price target on shares of Gulfport Energy in a research note on Wednesday. Weiss Ratings downgraded shares of Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $194.00 price objective (down from $240.00) on shares of Gulfport Energy in a report on Tuesday. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, UBS Group reduced their target price on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Gulfport Energy has an average rating of “Hold” and an average price target of $216.60.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock opened at $175.76 on Tuesday. The firm has a market capitalization of $3.11 billion, a P/E ratio of 7.03 and a beta of 0.43. Gulfport Energy has a 52 week low of $149.18 and a 52 week high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $165.79 and its two-hundred day moving average is $179.88.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $1.03. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. The company had revenue of $323.23 million for the quarter. Research analysts forecast that Gulfport Energy will post 22.25 EPS for the current fiscal year.

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, CEO Domenic J. Dell’osso, Jr. acquired 1,600 shares of the company’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the purchase, the chief executive officer owned 24,349 shares in the company, valued at $3,910,692.89. This trade represents a 7.03% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total transaction of $59,374.25. Following the completion of the transaction, the chief accounting officer owned 2,130 shares in the company, valued at approximately $389,129.70. This represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gulfport Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Gulfport Energy by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock valued at $1,391,000 after acquiring an additional 181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Gulfport Energy by 14.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock valued at $17,631,000 after purchasing an additional 12,327 shares during the period. Intech Investment Management LLC increased its holdings in shares of Gulfport Energy by 11.6% in the first quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock valued at $1,178,000 after purchasing an additional 665 shares during the period. Cetera Investment Advisers raised its stake in shares of Gulfport Energy by 16.7% during the second quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock worth $308,000 after purchasing an additional 219 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Gulfport Energy during the second quarter worth approximately $400,000.

Gulfport Energy Company Profile

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.