Gulfport Energy (NYSE:GPOR) Raised to Strong-Buy at TD Cowen

Gulfport Energy (NYSE:GPOR) was upgraded by research analysts at TD Cowen to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms also recently commented on GPOR. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Monday, December 29th. Evercore boosted their target price on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research note on Monday, November 10th. Mizuho upped their price target on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.88.

Gulfport Energy Trading Down 1.3%

NYSE GPOR opened at $204.45 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of -107.61 and a beta of 0.61. The firm has a 50 day simple moving average of $199.02 and a 200-day simple moving average of $188.96. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78.

Insiders Place Their Bets

In other news, Director Silver Point Capital L.P. sold 244,489 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $219.56, for a total transaction of $53,680,004.84. Following the sale, the director owned 3,495,431 shares of the company’s stock, valued at approximately $767,456,830.36. This trade represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy J. Cutt sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total value of $536,850.00. Following the completion of the transaction, the director directly owned 31,255 shares of the company’s stock, valued at $6,711,698.70. This trade represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 308,012 shares of company stock worth $67,100,732. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GPOR. Global Alpha Capital Management Ltd. grew its holdings in shares of Gulfport Energy by 4.5% during the second quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock worth $32,823,000 after buying an additional 7,000 shares during the last quarter. Coastal Bridge Advisors LLC purchased a new stake in Gulfport Energy during the 3rd quarter valued at approximately $1,837,000. Stephens Investment Management Group LLC lifted its position in Gulfport Energy by 29.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after acquiring an additional 10,786 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Gulfport Energy by 45.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock valued at $11,261,000 after purchasing an additional 19,458 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Gulfport Energy in the 3rd quarter valued at approximately $13,418,000.

About Gulfport Energy

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.