Gulfport Energy (NYSE:GPOR) Stock Rating Lowered by Zacks Research

Zacks Research downgraded shares of Gulfport Energy (NYSE:GPOR) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research analysts also recently commented on GPOR. KeyCorp dropped their target price on shares of Gulfport Energy from $215.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their target price on Gulfport Energy from $208.00 to $236.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Bank of America raised their target price on Gulfport Energy from $217.00 to $218.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Wall Street Zen raised Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, William Blair assumed coverage on Gulfport Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $221.50.

Gulfport Energy Trading Up 0.7%

Gulfport Energy stock opened at $171.43 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Gulfport Energy has a 1-year low of $136.45 and a 1-year high of $210.32. The firm’s fifty day simple moving average is $173.62. The company has a market cap of $3.01 billion, a P/E ratio of -23.88 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.91 by ($0.85). Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.The business had revenue of $447.62 million during the quarter, compared to the consensus estimate of $334.57 million.

Insider Activity at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the sale, the director directly owned 4,288 shares in the company, valued at approximately $735,692.16. The trade was a 12.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. SummerHaven Investment Management LLC grew 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 period. Rafferty Asset Management LLC lifted its position in shares of Gulfport Energy by 0.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after buying an additional 108 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Gulfport Energy by 7.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock valued at $359,000 after buying an additional 119 shares in the last quarter. Resona Asset Management Co. Ltd. grew its position in Gulfport Energy by 4.6% in the second quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock valued at $551,000 after acquiring an additional 121 shares during the period. Finally, Oliver Luxxe Assets LLC raised its stake in Gulfport Energy by 1.5% during the second quarter. Oliver Luxxe Assets LLC now owns 11,245 shares of the company’s stock worth $2,262,000 after acquiring an additional 162 shares in the last quarter.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.