Gulfport Energy (NYSE:GPOR) Upgraded at TD Cowen

TD Cowen upgraded shares of Gulfport Energy (NYSE:GPOR) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Wolfe Research downgraded shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. KeyCorp upped their price objective on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Evercore lifted their target price on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gulfport Energy in a research note on Monday, December 29th. Finally, Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $230.88.

Gulfport Energy Stock Down 1.5%

GPOR stock opened at $201.24 on Monday. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78. The firm has a market cap of $3.89 billion, a PE ratio of -105.92 and a beta of 0.61. The firm’s 50 day moving average price is $198.70 and its 200-day moving average price is $189.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Activity at Gulfport Energy

In related news, Director Timothy J. Cutt sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total value of $536,850.00. Following the sale, the director owned 31,255 shares in the company, valued at $6,711,698.70. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Matthew Rucker sold 10,732 shares of Gulfport Energy stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total value of $2,002,698.52. Following the transaction, the chief operating officer directly owned 12,893 shares of the company’s stock, valued at approximately $2,405,962.73. This represents a 45.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 308,012 shares of company stock valued at $67,100,732. 0.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

Several institutional investors and hedge funds have recently made changes to their positions in GPOR. Millennium Management LLC increased its holdings in Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares in the last quarter. Goldentree Asset Management LP acquired a new stake in shares of Gulfport Energy in the third quarter valued at approximately $44,665,000. Jennison Associates LLC increased its stake in shares of Gulfport Energy by 49.3% during the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after purchasing an additional 186,531 shares in the last quarter. Whitebox Advisors LLC raised its position in shares of Gulfport Energy by 148.6% during the 3rd quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock worth $49,702,000 after purchasing an additional 164,178 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Gulfport Energy by 84.4% during the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock worth $62,956,000 after purchasing an additional 159,255 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.