Gulfport Energy (NYSE:GPOR) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Gulfport Energy (NYSE:GPOR) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $250.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Gulfport Energy in a research report on Wednesday, October 8th. William Blair assumed coverage on Gulfport Energy in a report on Monday, August 25th. They issued an “outperform” rating for the company. Evercore ISI dropped their price target on Gulfport Energy from $193.00 to $190.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.63.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $186.57 on Thursday. The firm has a 50-day moving average price of $176.55. 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 fifty-two week low of $136.45 and a fifty-two week high of $210.32. The company has a market cap of $3.28 billion, a PE ratio of -25.98 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Monday, February 28th. The company reported $0.17 EPS for the quarter. The company had revenue of $298.62 million during the quarter. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

Insider Buying and Selling

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of 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 SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Trading of Gulfport Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC boosted its stake in shares of Gulfport Energy by 49.3% during the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after acquiring an additional 186,531 shares in the last quarter. State Street Corp boosted its position in Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after purchasing an additional 8,668 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Gulfport Energy by 10.2% in the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after purchasing an additional 36,953 shares during the period. Geode Capital Management LLC increased its position in shares of Gulfport Energy by 10.5% in the second quarter. Geode Capital Management LLC now owns 332,557 shares of the company’s stock valued at $66,912,000 after buying an additional 31,682 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Gulfport Energy by 10.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 188,768 shares of the company’s stock worth $37,974,000 after buying an additional 17,915 shares during the period.

Gulfport Energy Company Profile

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.