Gulfport Energy (NYSE:GPOR) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Gulfport Energy (NYSE:GPOR - Free Report) from a hold rating to a buy rating in a research report released on Wednesday.

Other equities research analysts have also recently issued research reports about the company. KeyCorp reissued an "overweight" rating and set a $215.00 target price (up previously from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. Bank of America boosted their price target on Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a research note on Friday, May 23rd.

Gulfport Energy Trading Up 1.4%

NYSE GPOR traded up $2.79 during trading hours on Wednesday, hitting $195.58. The company had a trading volume of 175,833 shares, compared to its average volume of 241,472. The company has a market cap of $3.47 billion, a P/E ratio of -10.98 and a beta of 0.64. Gulfport Energy has a fifty-two week low of $130.02 and a fifty-two week high of $201.18.

Insider Buying and Selling at Gulfport Energy

In related news, 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 value of $122,694.39. Following the transaction, the chief accounting officer now owns 2,342 shares in the company, valued at approximately $453,949.86. This represents a 21.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jason Joseph Martinez sold 700 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total value of $135,583.00. Following the transaction, the director now owns 4,888 shares in the company, valued at approximately $946,756.72. This trade represents a 12.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gulfport Energy stock. Rhumbline Advisers raised its holdings in Gulfport Energy Corp (NYSE:GPOR - Free Report) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,623 shares of the company's stock after buying an additional 248 shares during the period. Rhumbline Advisers owned about 0.12% of Gulfport Energy worth $3,798,000 as of its most recent filing with the Securities and Exchange Commission.

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.