Gulfport Energy (NYSE:GPOR) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Gulfport Energy (NYSE:GPOR) from a hold rating to a strong sell rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on GPOR. UBS Group decreased their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Weiss Ratings cut shares of Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Bank of America increased their price objective on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Gulfport Energy has an average rating of “Moderate Buy” and an average price target of $227.00.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $151.44 on Monday. The business’s 50-day moving average price is $169.22 and its 200-day moving average price is $188.32. Gulfport Energy has a 12 month low of $149.79 and a 12 month high of $225.78. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 5.17 and a beta of 0.41. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46.

Institutional Trading of Gulfport Energy

A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Gulfport Energy in the 3rd quarter worth about $28,000. Allworth Financial LP lifted its stake in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Gulfport Energy during the 4th quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Gulfport Energy by 866.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after purchasing an additional 364 shares during the period.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.