Gulfport Energy (NYSE:GPOR) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research has downgraded Gulfport Energy's stock rating from "hold" to "strong sell," indicating a negative outlook for the company.
• Despite the downgrade, Gulfport has mixed analyst ratings, with one strong buy, five buys, and one sell, reflecting differing opinions on its future performance.
• The company reported $4.06 EPS for the last quarter, missing estimates by ($0.85) but showing a revenue of $447.62 million, exceeding expectations.

Gulfport Energy (NYSE:GPOR - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Tuesday,Zacks.com reports.

GPOR has been the topic of several other reports. KeyCorp reduced their price objective on Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. William Blair began coverage on Gulfport Energy in a report on Monday, August 25th. They set an "outperform" rating on the stock. UBS Group dropped their target price on Gulfport Energy from $240.00 to $227.00 and set a "buy" rating on the stock in a report on Wednesday, August 20th. JPMorgan Chase & Co. raised their target price on Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Bank of America raised their target price on Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $221.50.

Gulfport Energy Trading Up 0.7%

Shares of NYSE:GPOR opened at $171.43 on Tuesday. The stock has a 50-day simple moving average of $173.62. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. Gulfport Energy has a 12-month low of $136.45 and a 12-month high of $210.32. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -23.88 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.91 by ($0.85). The business had revenue of $447.62 million during the quarter, compared to analyst estimates of $334.57 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Insider Activity at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the transaction, the director owned 4,288 shares in the company, valued at approximately $735,692.16. This trade represents a 12.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Strs Ohio acquired a new position in Gulfport Energy during the 1st quarter valued at approximately $239,000. Rhumbline Advisers boosted its position in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after purchasing an additional 248 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Gulfport Energy by 337.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock valued at $12,412,000 after purchasing an additional 47,600 shares during the period. Pallas Capital Advisors LLC acquired a new position in Gulfport Energy during the 2nd quarter valued at approximately $263,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Gulfport Energy during the 2nd quarter valued at approximately $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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