Gulfport Energy (NYSE:GPOR) Stock Rating Lowered by Wall Street Zen

Gulfport Energy (NYSE:GPOR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts also recently issued reports on GPOR. Mizuho increased their price target on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, December 12th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Tudor Pickering downgraded Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Evercore boosted their price target on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Finally, UBS Group increased their price objective on shares of Gulfport Energy from $227.00 to $264.00 and gave the company a “buy” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gulfport Energy currently has an average rating of “Hold” and an average target price of $227.20.

Gulfport Energy Trading Up 3.3%

NYSE GPOR opened at $208.69 on Friday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 10.27 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.54 and a current ratio of 0.68. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78. The company’s 50 day moving average price is $197.31 and its 200 day moving average price is $191.49.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The business had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million.

Insiders Place Their Bets

In related news, Director Silver Point Capital L.P. sold 244,489 shares of Gulfport Energy stock in a transaction on Monday, December 1st. The shares were sold at an average price of $219.56, for a total value of $53,680,004.84. Following the completion of the sale, the director owned 3,495,431 shares in the company, valued at approximately $767,456,830.36. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lester Zitkus sold 4,745 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total transaction of $881,099.05. Following the completion of the sale, the senior vice president directly owned 7,821 shares in the company, valued at $1,452,281.49. This represents a 37.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 308,012 shares of company stock valued at $67,100,732. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of Gulfport Energy during the third quarter worth about $28,000. Allworth Financial LP raised its stake in Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares in the last quarter. Financial Consulate Inc. acquired a new stake in Gulfport Energy during the third quarter valued at approximately $31,000. Federated Hermes Inc. lifted its holdings in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after buying an additional 127 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares in the last quarter.

Gulfport Energy Company Profile

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.