Gulfport Energy (NYSE:GPOR) Upgraded at Zacks Research

Gulfport Energy (NYSE:GPOR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

GPOR has been the subject of several other research reports. UBS Group dropped their price objective on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Stifel Nicolaus set a $193.00 price objective on Gulfport Energy in a research note on Wednesday. Weiss Ratings downgraded Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Truist Financial reduced their price target on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $194.00 price objective (down from $240.00) on shares of Gulfport Energy in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $216.60.

Gulfport Energy Stock Down 2.4%

GPOR stock opened at $175.76 on Tuesday. The business’s 50-day moving average price is $165.79 and its 200-day moving average price is $179.88. The stock has a market cap of $3.11 billion, a P/E ratio of 7.03 and a beta of 0.43. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. Gulfport Energy has a twelve month low of $149.18 and a twelve month high of $225.78.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $3.82 by $1.03. The company had revenue of $323.23 million during the quarter. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. On average, equities research analysts forecast that Gulfport Energy will post 22.25 EPS for the current year.

Insider Transactions at Gulfport Energy

In other news, CAO Matthew Willrath sold 325 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the sale, the chief accounting officer owned 2,130 shares in the company, valued at approximately $389,129.70. The trade was a 13.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Domenic Dell’osso, Jr. bought 1,600 shares of the company’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the transaction, the chief executive officer directly owned 24,349 shares in the company, valued at approximately $3,910,692.89. This represents a 7.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gulfport Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPOR. California State Teachers Retirement System raised its holdings in Gulfport Energy by 16,390.6% in the second quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company’s stock worth $526,026,000 after purchasing an additional 3,080,943 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Gulfport Energy by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after buying an additional 34,486 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Gulfport Energy by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after buying an additional 176,386 shares during the last quarter. State Street Corp grew its position in shares of Gulfport Energy by 1.8% in the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after buying an additional 8,668 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Gulfport Energy by 4,946.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock worth $98,892,000 after acquiring an additional 458,156 shares in 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.