Gulfport Energy (NYSE:GPOR) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Gulfport Energy (NYSE:GPOR) from a buy rating to a hold rating in a research note published on Saturday.

GPOR has been the topic of a number of other reports. KeyCorp upped their target price on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Mizuho upped their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Jefferies Financial Group started coverage on shares of Gulfport Energy in a research report on Thursday, October 23rd. They set a “buy” rating and a $250.00 price objective on the stock. One 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’s stock. According to MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and a consensus target price of $230.88.

Gulfport Energy Stock Performance

NYSE GPOR opened at $178.82 on Friday. The company’s 50 day simple moving average is $203.78 and its two-hundred day simple moving average is $186.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. Gulfport Energy has a 1 year low of $153.27 and a 1 year high of $225.78. The stock has a market capitalization of $3.45 billion, a PE ratio of -94.12 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The firm had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, COO Matthew Rucker sold 10,732 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $186.61, for a total value of $2,002,698.52. Following the completion of the sale, the chief operating officer directly owned 12,893 shares of the company’s stock, valued at $2,405,962.73. The trade was a 45.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Silver Point Capital L.P. sold 45,546 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $219.56, for a total transaction of $10,000,079.76. Following the sale, the director owned 3,449,885 shares of the company’s stock, valued at approximately $757,456,750.60. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 312,172 shares of company stock worth $67,975,930. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

A number of hedge funds and other institutional investors have recently modified their holdings of GPOR. Advisory Services Network LLC bought a new position in Gulfport Energy during the 3rd quarter worth approximately $28,000. Financial Consulate Inc. bought a new stake in Gulfport Energy in the third quarter valued at approximately $31,000. Federated Hermes Inc. boosted its stake in shares of Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 197 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Gulfport Energy in the second quarter worth $85,000.

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.