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

Gulfport Energy (NYSE:GPOR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently weighed in on GPOR. KeyCorp increased their price target on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Mizuho raised their target price on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, UBS Group increased their price objective on shares of Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $227.20.

Gulfport Energy Trading Up 3.3%

NYSE GPOR opened at $208.69 on Friday. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78. The company has a 50-day simple moving average of $197.31 and a 200-day simple moving average of $191.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.54 and a current ratio of 0.68. The firm has a market capitalization of $3.87 billion, a PE ratio of 10.27 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate 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 Activity at Gulfport Energy

In other Gulfport Energy news, SVP Lester Zitkus sold 4,745 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total transaction of $881,099.05. Following the transaction, the senior vice president owned 7,821 shares of the company’s stock, valued at approximately $1,452,281.49. This trade represents a 37.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Matthew Rucker sold 10,732 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the sale, the chief operating officer owned 12,893 shares in the company, valued at $2,405,962.73. This trade represents a 45.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 308,012 shares of company stock worth $67,100,732. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Gulfport Energy during the 3rd quarter valued at $28,000. Financial Consulate Inc. bought a new stake in shares of Gulfport Energy in the 3rd quarter worth $31,000. Allworth Financial LP lifted its holdings in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares during the period. Federated Hermes Inc. boosted its stake in 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 buying an additional 127 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares during the period.

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.