Gulfport Energy (NYSE:GPOR) Upgraded by Wall Street Zen to Buy Rating

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

Other analysts have also recently issued research reports about the company. Bank of America raised 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. 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.

Gulfport Energy Trading Up 2.2%

Shares of NYSE:GPOR traded up $4.16 on Wednesday, reaching $192.64. The company had a trading volume of 128,037 shares, compared to its average volume of 242,063. The company has a market capitalization of $3.42 billion, a PE ratio of -10.82 and a beta of 0.64. Gulfport Energy has a 52-week low of $130.02 and a 52-week high of $201.18.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total transaction of $135,583.00. Following the completion of the sale, the director now owns 4,888 shares of the company's stock, valued at approximately $946,756.72. The trade was a 12.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew Willrath sold 633 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 2,342 shares of the company's stock, valued at approximately $453,949.86. This trade represents a 21.28% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gulfport Energy

A hedge fund recently bought a new stake in Gulfport Energy stock. Strs Ohio acquired a new stake in Gulfport Energy Corp (NYSE:GPOR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,300 shares of the company's stock, valued at approximately $239,000.

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.