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

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 on Tuesday.

GPOR has been the topic of several other research reports. Bank of America upped 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. KeyCorp restated an "overweight" rating and issued a $215.00 price target (up previously from $205.00) on shares of Gulfport Energy in a research note on Thursday, May 22nd.

Gulfport Energy Stock Down 3.3%

Shares of Gulfport Energy stock traded down $6.41 during midday trading on Tuesday, hitting $190.53. The company had a trading volume of 125,901 shares, compared to its average volume of 246,801. The company has a market capitalization of $3.38 billion, a P/E ratio of -10.70 and a beta of 0.61. Gulfport Energy has a 52-week low of $130.02 and a 52-week high of $201.18.

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, CAO Matthew Willrath sold 633 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $193.83, for a total transaction of $122,694.39. Following the sale, the chief accounting officer now directly owns 2,342 shares in the company, valued at approximately $453,949.86. This trade represents a 21.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company's stock.

Institutional Trading of Gulfport Energy

A hedge fund recently bought a new stake in Gulfport Energy stock. Strs Ohio purchased a new position in Gulfport Energy Corp (NYSE:GPOR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,300 shares of the company's stock, valued at approximately $239,000.

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.