Gulfport Energy (NASDAQ:GPOR) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Other research analysts have also recently issued research reports about the stock. Williams Capital set a $18.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. KeyCorp set a $18.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Thursday, October 19th. SunTrust Banks reiterated a “buy” rating and set a $25.00 price objective on shares of Gulfport Energy in a research report on Tuesday, October 24th. Scotiabank set a $22.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Saturday, November 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $20.00 price objective on shares of Gulfport Energy in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $19.10.

Gulfport Energy (NASDAQ GPOR) opened at $8.52 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. Gulfport Energy has a 1 year low of $8.11 and a 1 year high of $21.36. The firm has a market cap of $1,560.00, a price-to-earnings ratio of -31.56, a price-to-earnings-growth ratio of 0.21 and a beta of 0.41.

Gulfport Energy announced that its Board of Directors has initiated a share buyback plan on Monday, January 29th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

In related news, VP Steve Baldwin sold 4,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.17, for a total value of $48,680.00. Following the completion of the sale, the vice president now directly owns 32,634 shares of the company’s stock, valued at $397,155.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul D. Westerman acquired 10,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average cost of $12.75 per share, with a total value of $127,500.00. Following the completion of the purchase, the director now owns 15,488 shares of the company’s stock, valued at $197,472. The disclosure for this purchase can be found here. Insiders have sold 151,253 shares of company stock valued at $1,839,219 over the last three months. Insiders own 0.21% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GPOR. State of Alaska Department of Revenue purchased a new stake in Gulfport Energy in the fourth quarter worth about $137,000. BKS Advisors LLC purchased a new stake in Gulfport Energy in the third quarter worth about $161,000. Oakbrook Investments LLC purchased a new stake in Gulfport Energy in the fourth quarter worth about $180,000. Delpha Capital Management LLC purchased a new stake in Gulfport Energy in the fourth quarter worth about $187,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Gulfport Energy in the third quarter worth about $211,000. 86.32% of the stock is owned by institutional investors.

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Gulfport Energy Company Profile

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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