Tudor Pickering Downgrades Gulfport Energy (NYSE:GPOR) to Hold

Gulfport Energy (NYSE:GPOR) was downgraded by stock analysts at Tudor Pickering from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

GPOR has been the subject of a number of other research reports. Mizuho cut their target price on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Wednesday, October 8th. Jefferies Financial Group initiated coverage on Gulfport Energy in a report on Thursday, October 23rd. They set a “buy” rating and a $250.00 target price on the stock. UBS Group lowered their target price on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Finally, Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.25.

Gulfport Energy Stock Performance

Shares of NYSE:GPOR traded up $3.75 on Monday, hitting $216.46. The stock had a trading volume of 76,173 shares, compared to its average volume of 257,398. The company has a 50 day moving average of $194.30. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78. The company has a market cap of $4.18 billion, a P/E ratio of -113.93 and a beta of 0.60.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($1.51). The firm had revenue of $379.75 million for the quarter, compared to the consensus estimate of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

Insider Buying and Selling at Gulfport Energy

In other news, Director David D. Wolf sold 1,525 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.27, for a total value of $320,661.75. Following the transaction, the director owned 4,462 shares of the company’s stock, valued at approximately $938,224.74. This trade represents a 25.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy J. Cutt sold 2,635 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $210.45, for a total transaction of $554,535.75. Following the sale, the director owned 35,473 shares of the company’s stock, valued at approximately $7,465,292.85. This represents a 6.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,760 shares of company stock worth $978,140. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in Gulfport Energy by 20,951.9% in the third quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock valued at $1,981,000 after purchasing an additional 10,895 shares in the last quarter. Goldentree Asset Management LP bought a new stake in Gulfport Energy during the 3rd quarter worth approximately $44,665,000. Penn Capital Management Company LLC raised its holdings in Gulfport Energy by 0.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 109,998 shares of the company’s stock worth $19,956,000 after buying an additional 399 shares during the period. CIBC Bancorp USA Inc. bought a new position in Gulfport Energy in the third quarter valued at approximately $307,000. Finally, Advisory Services Network LLC acquired a new position in shares of Gulfport Energy in the third quarter valued at approximately $28,000.

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.