Gulfport Energy (NYSE:GPOR) Upgraded at Wall Street Zen

Gulfport Energy (NYSE:GPOR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other analysts have also commented on GPOR. Bank of America raised their price target on shares of Gulfport Energy from $217.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. KeyCorp reiterated an “overweight” rating and issued a $215.00 price objective (up previously from $205.00) on shares of Gulfport Energy in a research report on Thursday, May 22nd.

Gulfport Energy Stock Up 2.2%

NYSE:GPOR opened at $192.64 on Wednesday. Gulfport Energy has a 1-year low of $130.02 and a 1-year high of $201.18. The company has a market cap of $3.42 billion, a PE ratio of -10.82 and a beta of 0.64.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 700 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $193.69, for a total transaction of $135,583.00. Following the transaction, the director now directly owns 4,888 shares of the company’s stock, valued at $946,756.72. This trade represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew Willrath sold 633 shares of Gulfport Energy stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $193.83, for a total transaction of $122,694.39. Following the completion of the sale, the chief accounting officer now owns 2,342 shares in the company, valued at approximately $453,949.86. This trade represents a 21.28% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gulfport Energy stock. Strs Ohio acquired a new position in shares of Gulfport Energy Corp (NYSE:GPOR) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,300 shares of the company’s stock, valued at approximately $239,000.

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.