Gulfport Energy Co. (NASDAQ:GPOR)’s share price rose 6% during mid-day trading on Monday . The company traded as high as $7.12 and last traded at $7.09. Approximately 3,724,898 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 3,677,778 shares. The stock had previously closed at $6.69.

GPOR has been the subject of a number of recent research reports. BidaskClub raised Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Tudor Pickering raised Gulfport Energy from a “hold” rating to a “buy” rating in a report on Friday, January 18th. Williams Capital reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gulfport Energy in a report on Friday, January 18th. TheStreet raised Gulfport Energy from a “d+” rating to a “c-” rating in a report on Monday, April 1st. Finally, MKM Partners set a $9.00 target price on Gulfport Energy and gave the stock a “hold” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Gulfport Energy has a consensus rating of “Hold” and an average price target of $11.64.

The stock has a market cap of $1.09 billion, a P/E ratio of 3.87, a PEG ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, February 27th. The oil and gas producer reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Gulfport Energy had a net margin of 31.77% and a return on equity of 9.97%. The company had revenue of $415.95 million during the quarter, compared to the consensus estimate of $376.23 million. The company’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts expect that Gulfport Energy Co. will post 1.12 earnings per share for the current year.

In related news, CEO David M. Wood purchased 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $8.06 per share, for a total transaction of $80,600.00. Following the transaction, the chief executive officer now owns 360,610 shares of the company’s stock, valued at approximately $2,906,516.60. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank bought a new stake in shares of Gulfport Energy in the 4th quarter valued at about $45,000. CWM Advisors LLC bought a new stake in shares of Gulfport Energy in the 4th quarter valued at about $67,000. OLD Mission Capital LLC bought a new stake in shares of Gulfport Energy in the 4th quarter valued at about $69,000. Quantamental Technologies LLC bought a new stake in shares of Gulfport Energy during the 4th quarter valued at about $86,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Gulfport Energy during the 4th quarter valued at about $90,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.

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About Gulfport Energy (NASDAQ:GPOR)

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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