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

Gulfport Energy (NYSE:GPOR - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Tuesday.

Several other analysts also recently issued reports on the stock. KeyCorp reissued an "overweight" rating and issued a $215.00 price objective (up previously from $205.00) on shares of Gulfport Energy in a research note on Thursday, May 22nd. Bank of America raised their price objective on shares of Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd.

Gulfport Energy Trading Up 1.2%

Shares of NYSE:GPOR traded up $2.34 during trading on Tuesday, reaching $190.89. The company's stock had a trading volume of 121,095 shares, compared to its average volume of 244,915. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -10.72 and a beta of 0.64. Gulfport Energy has a 12 month low of $130.02 and a 12 month high of $201.18.

Insiders Place Their Bets

In other news, CAO Matthew Willrath sold 633 shares of Gulfport Energy stock in a transaction that occurred on Thursday, May 29th. The shares were 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 now owns 2,342 shares of the company's stock, valued at approximately $453,949.86. The trade was a 21.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $193.69, for a total transaction of $135,583.00. Following the sale, the director now directly owns 4,888 shares of the company's stock, valued at $946,756.72. This represents a 12.53% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Institutional Trading of Gulfport Energy

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

About Gulfport Energy

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.