BidaskClub upgraded shares of Gulfport Energy (NASDAQ:GPOR) from a strong sell rating to a sell rating in a research report sent to investors on Friday, BidAskClub reports.

Several other equities analysts also recently weighed in on the company. Williams Capital downgraded Gulfport Energy from a buy rating to a hold rating in a research report on Monday, August 19th. Piper Jaffray Companies set a $7.00 price objective on Gulfport Energy and gave the stock a buy rating in a research note on Friday, August 16th. Jefferies Financial Group downgraded Gulfport Energy from a buy rating to a hold rating and decreased their price objective for the stock from $11.00 to $5.00 in a research note on Monday, July 15th. Zacks Investment Research raised Gulfport Energy from a sell rating to a hold rating and set a $3.75 price objective on the stock in a research report on Tuesday, August 6th. Finally, Credit Suisse Group downgraded Gulfport Energy from a neutral rating to an underperform rating in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Gulfport Energy currently has an average rating of Hold and an average price target of $9.64.

GPOR opened at $3.08 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. Gulfport Energy has a 1-year low of $2.28 and a 1-year high of $11.94. The company has a market capitalization of $448.21 million, a PE ratio of 1.68, a PEG ratio of 0.23 and a beta of 0.87. The firm’s 50 day simple moving average is $3.03 and its two-hundred day simple moving average is $5.57.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $459.00 million during the quarter, compared to the consensus estimate of $312.43 million. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. The company’s revenue for the quarter was up 81.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities analysts forecast that Gulfport Energy will post 1.07 earnings per share for the current fiscal year.

In other Gulfport Energy news, CEO David M. Wood bought 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $2.44 per share, for a total transaction of $97,600.00. Following the completion of the transaction, the chief executive officer now owns 1,005,449 shares of the company’s stock, valued at approximately $2,453,295.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Quentin R. Hicks bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of $2.38 per share, with a total value of $35,700.00. Following the transaction, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $35,700. The disclosure for this purchase can be found here. 0.45% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Gulfport Energy by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,687,995 shares of the oil and gas producer’s stock valued at $96,209,000 after purchasing an additional 114,266 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Gulfport Energy during the 1st quarter worth approximately $275,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Gulfport Energy by 4,756.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 123,401 shares of the oil and gas producer’s stock valued at $990,000 after buying an additional 120,860 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Gulfport Energy by 96.0% in the 1st quarter. Bank of Montreal Can now owns 649,648 shares of the oil and gas producer’s stock valued at $5,211,000 after buying an additional 318,207 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Gulfport Energy in the first quarter valued at $410,000. 97.52% of the stock is currently owned by institutional investors.

About Gulfport Energy

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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