Gulfport Energy (NYSE:GPOR) Raised to Strong-Buy at TD Cowen

Gulfport Energy (NYSE:GPOR) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

GPOR has been the subject of several other reports. Mizuho lifted their target price 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. KeyCorp raised their target price on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group assumed coverage on shares of Gulfport Energy in a research note on Thursday, October 23rd. They set a “buy” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Gulfport Energy currently has an average rating of “Moderate Buy” and an average target price of $230.88.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $206.61 on Monday. The company’s fifty day moving average is $199.21 and its two-hundred day moving average is $188.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $3.99 billion, a P/E ratio of -108.74 and a beta of 0.61. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78.

Insider Buying and Selling at Gulfport Energy

In other news, Director Silver Point Capital L.P. sold 244,489 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $219.56, for a total value of $53,680,004.84. Following the completion of the sale, the director owned 3,495,431 shares of the company’s stock, valued at $767,456,830.36. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lester Zitkus sold 4,745 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total value of $881,099.05. Following the sale, the senior vice president owned 7,821 shares in the company, valued at approximately $1,452,281.49. The trade was a 37.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 308,012 shares of company stock worth $67,100,732. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of hedge funds have recently added to or reduced their stakes in GPOR. Advisory Services Network LLC bought a new position in shares of Gulfport Energy during the third quarter worth about $28,000. Financial Consulate Inc. acquired a new position in Gulfport Energy during the 3rd quarter valued at about $31,000. Allworth Financial LP grew its position in Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after purchasing an additional 85 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter.

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.