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

Wall Street Zen cut 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 subject of several other research reports. 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 lifted their price target on shares of 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 shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Wolfe Research cut shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $227.20.

Gulfport Energy Trading Up 3.3%

Shares of GPOR stock opened at $208.69 on Friday. The stock’s fifty day moving average price is $197.31 and its two-hundred day moving average price is $191.67. The company has a market cap of $3.87 billion, a PE ratio of 10.27 and a beta of 0.61. Gulfport Energy has a fifty-two week low of $153.27 and a fifty-two week high of $225.78. 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 (NYSE:GPOR) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $373.24 million.

Insider Buying and Selling

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 45,546 shares of Gulfport Energy stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $219.56, for a total transaction of $10,000,079.76. Following the transaction, the director directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lester Zitkus sold 4,745 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total value of $881,099.05. Following the completion of the sale, the senior vice president owned 7,821 shares in the company, valued at $1,452,281.49. This trade represents a 37.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 308,012 shares of company stock valued at $67,100,732. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Gulfport Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPOR. Advisory Services Network LLC acquired a new position in shares of Gulfport Energy in the 3rd quarter worth approximately $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 worth $33,000 after buying an additional 85 shares during the last quarter. Financial Consulate Inc. bought a new position in Gulfport Energy during the third quarter worth $31,000. Federated Hermes Inc. lifted its holdings in Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after buying an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares during the last quarter.

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.