TD Cowen Upgrades Gulfport Energy (NYSE:GPOR) to Strong-Buy

Gulfport Energy (NYSE:GPOR - Get Free Report) was upgraded by TD Cowen to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.

GPOR has been the topic of a number of other research reports. UBS Group set a $255.00 target price on Gulfport Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. KeyCorp reiterated an "overweight" rating and set a $215.00 price objective (up previously from $205.00) on shares of Gulfport Energy in a research report on Thursday, May 22nd. Bank of America lifted their price objective on Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, June 11th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Gulfport Energy presently has an average rating of "Buy" and a consensus target price of $229.33.

Gulfport Energy Price Performance

GPOR stock traded up $4.27 on Monday, reaching $180.20. The company had a trading volume of 25,372 shares, compared to its average volume of 249,430. Gulfport Energy has a 1 year low of $130.02 and a 1 year high of $210.32. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $3.20 billion, a P/E ratio of -10.12 and a beta of 0.64.

Insiders Place Their Bets

In other news, CAO Matthew Willrath sold 633 shares of Gulfport Energy stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $193.83, for a total value of $122,694.39. Following the completion of the sale, the chief accounting officer owned 2,342 shares of the company's stock, valued at $453,949.86. The trade was a 21.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $193.69, for a total value of $135,583.00. Following the completion of the sale, the director directly 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. 0.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Gulfport Energy during the 1st quarter worth about $239,000. Pallas Capital Advisors LLC purchased a new stake in shares of Gulfport Energy during the 2nd quarter valued at $263,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Gulfport Energy during the 2nd quarter valued at $557,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Gulfport Energy by 21.3% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,100 shares of the company's stock valued at $3,437,000 after buying an additional 3,000 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of 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 buying an additional 248 shares during the period.

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.