Gulfport Energy's (GPOR) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Gulfport Energy's stock maintains a "hold (C-)" rating from Weiss Ratings, indicating cautious sentiment among analysts.
• Recent analyst ratings show a mixture of opinions, with one upgrade to "strong-buy" from TD Cowen and a downgrade to "strong sell" from Zacks Research.
• Gulfport Energy's stock price opened at $187.46, with a market cap of $3.29 billion and notable insider activity reported as a director sold shares valued at $102,942.

Gulfport Energy (NYSE:GPOR - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 9th. Evercore ISI decreased their price objective on shares of Gulfport Energy from $193.00 to $190.00 and set an "in-line" rating for the company in a report on Monday. TD Cowen upgraded shares of Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded shares of Gulfport Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, William Blair initiated coverage on shares of Gulfport Energy in a report on Monday, August 25th. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $212.50.

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $187.46 on Wednesday. Gulfport Energy has a one year low of $136.45 and a one year high of $210.32. The business's 50 day simple moving average is $173.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $3.29 billion, a PE ratio of -26.11 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $4.06 EPS for the quarter, missing the consensus estimate of $4.91 by ($0.85). Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.The business had revenue of $447.62 million for the quarter, compared to analyst estimates of $334.57 million.

Insiders Place Their Bets

In other news, Director Jason Joseph Martinez sold 600 shares of the business's stock in a transaction 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 sale, the director owned 4,288 shares of the company's stock, valued at $735,692.16. The trade was a 12.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company's stock.

Institutional Trading of Gulfport Energy

A number of institutional investors have recently made changes to their positions in the business. Jennison Associates LLC lifted its position in shares of Gulfport Energy by 49.3% in the second quarter. Jennison Associates LLC now owns 565,194 shares of the company's stock worth $113,700,000 after purchasing an additional 186,531 shares in the last quarter. State Street Corp raised its position in Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company's stock worth $97,056,000 after acquiring an additional 8,668 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Gulfport Energy by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company's stock worth $80,630,000 after acquiring an additional 36,953 shares in the last quarter. Geode Capital Management LLC raised its position in Gulfport Energy by 10.5% during the second quarter. Geode Capital Management LLC now owns 332,557 shares of the company's stock worth $66,912,000 after acquiring an additional 31,682 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Gulfport Energy by 10.5% during the second quarter. Qube Research & Technologies Ltd now owns 188,768 shares of the company's stock worth $37,974,000 after acquiring an additional 17,915 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.

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