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

Key Points

• Gulfport Energy has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, affecting investor sentiment.
• Despite the downgrade, the average rating for Gulfport Energy remains "Buy" with a price target of $231.00, as per MarketBeat data.
• Several investment firms, including JPMorgan and TD Cowen, have recently issued different ratings and price targets ranging from $236.00 to $255.00 for the company's stock.

Gulfport Energy (NYSE:GPOR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently issued reports on GPOR. JPMorgan Chase & Co. lifted their price target on Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. TD Cowen raised Gulfport Energy to a "strong-buy" rating in a research note on Monday, July 7th. Bank of America lifted their price target on Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. UBS Group set a $255.00 price target on Gulfport Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $215.00 price target (up previously from $205.00) on shares of Gulfport Energy in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Gulfport Energy presently has an average rating of "Buy" and an average price target of $231.00.

Gulfport Energy Stock Down 3.0%

NYSE:GPOR opened at $168.07 on Friday. The firm has a market cap of $2.99 billion, a P/E ratio of -9.44 and a beta of 0.64. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.45. Gulfport Energy has a 52-week low of $130.02 and a 52-week high of $210.32. The stock's fifty day moving average price is $190.31.

Insider Transactions at Gulfport Energy

In related news, CAO Matthew Willrath sold 633 shares of Gulfport Energy stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $193.83, for a total transaction of $122,694.39. Following the completion of the sale, the chief accounting officer owned 2,342 shares in the company, valued at approximately $453,949.86. This trade represents a 21.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total value of $135,583.00. Following the sale, the director owned 4,888 shares of the company's stock, valued at approximately $946,756.72. This represents a 12.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

Institutional Trading of Gulfport Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp purchased a new stake in Gulfport Energy in the 2nd quarter valued at about $85,000. Strs Ohio purchased a new stake in Gulfport Energy in the 1st quarter valued at about $239,000. Pallas Capital Advisors LLC purchased a new stake in Gulfport Energy in the 2nd quarter valued at about $263,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Gulfport Energy by 7.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company's stock valued at $359,000 after buying an additional 119 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Gulfport Energy in the 2nd quarter valued at about $557,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.

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