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

Gulfport Energy (NYSE:GPOR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

GPOR has been the subject of a number of other reports. UBS Group lowered their price objective on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group assumed coverage on shares of Gulfport Energy in a research report on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research report on Wednesday, October 8th. Finally, Roth Capital started coverage on shares of Gulfport Energy in a research note on Monday, October 13th. They set a “neutral” rating and a $200.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Gulfport Energy has an average rating of “Moderate Buy” and a consensus price target of $221.25.

Gulfport Energy Stock Up 2.8%

NYSE:GPOR opened at $211.72 on Monday. Gulfport Energy has a 52 week low of $153.27 and a 52 week high of $212.95. The stock has a fifty day simple moving average of $182.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.09 billion, a P/E ratio of -29.49 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The company had revenue of $379.75 million during the quarter, compared to analysts’ expectations of $343.18 million.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 of the company’s stock, valued at approximately $735,692.16. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Large investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC increased its stake in shares of Gulfport Energy by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock worth $1,035,000 after acquiring an additional 83 shares during the period. Rafferty Asset Management LLC increased its position in 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 purchasing an additional 108 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Gulfport Energy by 7.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after buying an additional 119 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Gulfport Energy by 4.6% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock worth $551,000 after buying an additional 121 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after buying an additional 127 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.