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

Gulfport Energy (NYSE:GPOR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other brokerages have also issued reports on GPOR. UBS Group decreased their target price on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial decreased their price objective on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a report on Wednesday, August 5th. Stifel Nicolaus set a $193.00 price objective on shares of Gulfport Energy in a research report on Wednesday. Finally, Weiss Ratings cut shares of Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $216.60.

Gulfport Energy Trading Down 2.4%

Shares of Gulfport Energy stock opened at $175.76 on Tuesday. The stock has a market capitalization of $3.11 billion, a PE 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 stock has a 50 day moving average price of $165.79 and a two-hundred day moving average price of $179.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58.

Gulfport Energy (NYSE:GPOR) last issued its earnings results 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 return on equity of 21.87% and a net margin of 32.28%.The company had revenue of $323.23 million for the quarter. As a group, equities analysts anticipate that Gulfport Energy will post 22.25 earnings per share for the current fiscal year.

Insider Activity at Gulfport Energy

In related news, CAO Matthew Willrath sold 325 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the transaction, the chief accounting officer owned 2,130 shares of the company’s stock, valued at $389,129.70. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Domenic Dell’osso, Jr. purchased 1,600 shares of the company’s stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $160.61 per share, with a total value of $256,976.00. Following the purchase, the chief executive officer owned 24,349 shares of the company’s stock, valued at approximately $3,910,692.89. The trade was a 7.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Gulfport Energy

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC raised its stake in shares of Gulfport Energy by 47.9% during the second quarter. Tidal Investments LLC now owns 9,762 shares of the company’s stock valued at $1,657,000 after acquiring an additional 3,160 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Gulfport Energy during the second quarter valued at approximately $59,000. Allworth Financial LP boosted its holdings in Gulfport Energy by 159.3% in the second quarter. Allworth Financial LP now owns 350 shares of the company’s stock valued at $59,000 after acquiring an additional 215 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Gulfport Energy by 16,390.6% in the 2nd quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company’s stock worth $526,026,000 after purchasing an additional 3,080,943 shares during the period. Finally, AlphaGrep UK Ltd purchased a new position in shares of Gulfport Energy during the second quarter valued at about $233,000.

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.