Gulfport Energy (NYSE:GPOR) Upgraded at Zacks Research

Zacks Research upgraded shares of Gulfport Energy (NYSE:GPOR) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Several other analysts have also recently commented on GPOR. Roth Capital started coverage on Gulfport Energy in a research report on Monday, October 13th. They issued a “neutral” rating and a $200.00 target price on the stock. KeyCorp increased their price target on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Jefferies Financial Group started coverage on shares of Gulfport Energy in a report on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Evercore ISI increased their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.25.

Gulfport Energy Stock Down 0.1%

Gulfport Energy stock opened at $211.63 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s 50-day moving average price is $182.98. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -29.47 and a beta of 0.62. Gulfport Energy has a 52-week low of $153.27 and a 52-week high of $215.57.

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

Insiders Place Their Bets

In related news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the transaction, the director directly owned 4,288 shares of the company’s stock, valued at $735,692.16. The trade was a 12.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Financial Consulate Inc. acquired a new position in shares of Gulfport Energy in the 3rd quarter worth approximately $31,000. Federated Hermes Inc. boosted its holdings in Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after buying an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Gulfport Energy in the second quarter worth approximately $85,000. Finally, Assetmark Inc. increased its holdings in shares of Gulfport Energy by 50.5% in the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after buying an additional 168 shares in the last quarter.

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.