BidaskClub downgraded shares of Gulfport Energy (NASDAQ:GPOR) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

GPOR has been the subject of several other reports. Imperial Capital reaffirmed an outperform rating and set a $14.00 target price (down from $17.00) on shares of Gulfport Energy in a report on Tuesday, January 22nd. Capital One Financial lowered Gulfport Energy from an overweight rating to an equal weight rating in a report on Thursday, December 20th. Zacks Investment Research lowered Gulfport Energy from a buy rating to a hold rating in a report on Monday, December 17th. Guggenheim lowered Gulfport Energy from a buy rating to a neutral rating and set a $8.43 target price for the company. in a report on Tuesday, January 29th. Finally, CIBC reaffirmed a market perform rating on shares of Gulfport Energy in a report on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Gulfport Energy presently has a consensus rating of Hold and a consensus target price of $11.64.

NASDAQ:GPOR opened at $7.50 on Friday. The company has a market cap of $1.24 billion, a PE ratio of 4.13, a P/E/G ratio of 0.50 and a beta of 0.96. Gulfport Energy has a 52 week low of $6.18 and a 52 week high of $13.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, February 27th. The oil and gas producer reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The company had revenue of $415.95 million for the quarter, compared to the consensus estimate of $376.23 million. Gulfport Energy had a net margin of 31.77% and a return on equity of 9.97%. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Gulfport Energy will post 1.09 EPS for the current year.

In other Gulfport Energy news, CEO David M. Wood acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $8.06 per share, with a total value of $80,600.00. Following the acquisition, the chief executive officer now directly owns 360,610 shares of the company’s stock, valued at approximately $2,906,516.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC lifted its position in Gulfport Energy by 71.1% in the fourth quarter. Squarepoint Ops LLC now owns 98,708 shares of the oil and gas producer’s stock worth $647,000 after purchasing an additional 41,008 shares during the period. Martingale Asset Management L P lifted its position in Gulfport Energy by 27.0% in the third quarter. Martingale Asset Management L P now owns 160,402 shares of the oil and gas producer’s stock worth $1,670,000 after purchasing an additional 34,056 shares during the period. Deutsche Bank AG lifted its position in Gulfport Energy by 156.1% in the third quarter. Deutsche Bank AG now owns 1,350,437 shares of the oil and gas producer’s stock worth $14,055,000 after purchasing an additional 823,148 shares during the period. First Trust Advisors LP lifted its position in Gulfport Energy by 9.9% in the fourth quarter. First Trust Advisors LP now owns 527,564 shares of the oil and gas producer’s stock worth $3,456,000 after purchasing an additional 47,489 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in Gulfport Energy by 12.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 176,000 shares of the oil and gas producer’s stock worth $1,153,000 after purchasing an additional 19,000 shares during the period. Hedge funds and other institutional investors own 97.60% of the company’s stock.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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