Gulfport Energy (NYSE:GPOR) Downgraded to Strong Sell Rating by Zacks Research

Gulfport Energy (NYSE:GPOR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on GPOR. Truist Financial decreased their target price on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Bank of America boosted their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. UBS Group dropped their price objective on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Finally, Weiss Ratings lowered Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $227.00.

Gulfport Energy Stock Down 2.0%

Shares of NYSE:GPOR opened at $151.44 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 5.17 and a beta of 0.41. The stock’s 50-day moving average price is $169.22 and its two-hundred day moving average price is $188.32. Gulfport Energy has a 12-month low of $149.79 and a 12-month high of $225.78.

Institutional Trading of Gulfport Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Gulfport Energy in the 3rd quarter valued at $28,000. Allworth Financial LP boosted its position in shares of Gulfport Energy by 113.3% in 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 period. EverSource Wealth Advisors LLC grew its stake 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 valued at $50,000 after buying an additional 197 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Gulfport Energy during the 4th quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after acquiring an additional 364 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.