Gulfport Energy (NYSE:GPOR) Upgraded to "Strong-Buy" at TD Cowen

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

Several other research analysts also recently issued reports on the stock. Wall Street Zen raised shares of Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, June 11th. Bank of America lifted their target price on shares of Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. 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 report on Thursday, May 22nd. Finally, UBS Group set a $255.00 price objective on shares of Gulfport Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $229.33.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock traded down $7.70 during mid-day trading on Monday, hitting $174.83. The stock had a trading volume of 441,520 shares, compared to its average volume of 252,246. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -9.82 and a beta of 0.64. Gulfport Energy has a 12-month low of $130.02 and a 12-month high of $210.32. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.43 and a quick ratio of 0.43.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 700 shares of the business's 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 sale, the director owned 4,888 shares of the company's stock, valued at $946,756.72. The trade was a 12.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Matthew Willrath sold 633 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $193.83, for a total transaction of $122,694.39. Following the transaction, the chief accounting officer owned 2,342 shares in the company, valued at approximately $453,949.86. The trade was a 21.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds have recently made changes to their positions in GPOR. Strs Ohio acquired a new stake in Gulfport Energy during the 1st quarter valued at $239,000. Pallas Capital Advisors LLC bought a new position in Gulfport Energy in the second quarter valued at about $263,000. Rhumbline Advisers boosted its stake in shares of Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after purchasing an additional 248 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Gulfport Energy by 337.6% during the second 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 in the last quarter.

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.