Roth Capital Initiates Coverage on Gulfport Energy (NYSE:GPOR)

Key Points

• Gulfport Energy has been upgraded to a "hold" rating by Roth Capital, reflecting a cautious outlook on the company's stock.
• Several analysts have recently adjusted their ratings and price targets for Gulfport Energy, with the average target price now at $210.71.
• Insider trading shows a 12.27% decrease in ownership for Director Jason Joseph Martinez after selling 600 shares at an average price of $171.57.

Equities research analysts at Roth Capital initiated coverage on shares of Gulfport Energy (NYSE:GPOR - Get Free Report) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a "neutral" rating and a $200.00 price target on the stock. Roth Capital's price target points to a potential upside of 11.40% from the company's current price.

Other equities research analysts have also issued reports about the company. Wall Street Zen raised Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. KeyCorp reduced their price objective on Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating for the company in a research report on Wednesday, September 3rd. Evercore ISI reduced their price objective on Gulfport Energy from $193.00 to $190.00 and set an "in-line" rating for the company in a research report on Monday, October 6th. Zacks Research downgraded Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $210.71.

Gulfport Energy Stock Down 0.7%

Shares of NYSE GPOR opened at $179.53 on Monday. The company's 50 day moving average price is $174.28. Gulfport Energy has a 52-week low of $136.45 and a 52-week high of $210.32. The firm has a market capitalization of $3.15 billion, a PE ratio of -25.00 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings data on Monday, February 28th. The company reported $0.17 EPS for the quarter. The firm had revenue of $298.62 million during the quarter. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

Insider Activity

In related news, Director Jason Joseph Martinez sold 600 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 of the company's stock, valued at approximately $735,692.16. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company's stock valued at $50,000 after buying an additional 197 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in Gulfport Energy in the 2nd quarter worth approximately $85,000. Assetmark Inc. boosted its position in Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company's stock valued at $101,000 after purchasing an additional 168 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Gulfport Energy by 1,360.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company's stock valued at $126,000 after buying an additional 585 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Gulfport Energy in the 3rd quarter valued at approximately $134,000.

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.