Gulfport Energy (GPOR) Stock Price Down 0.5%
Gulfport Energy Corporation (NASDAQ:GPOR) shares traded down 0.5% during mid-day trading on Friday . The company traded as low as $12.64 and last traded at $13.45. 3,536,800 shares changed hands during trading, a decline of 11% from the average session volume of 3,974,167 shares. The stock had previously closed at $13.52.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Gulfport Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, October 11th. Jefferies Group reiterated a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy in a research note on Thursday, October 12th. Mizuho reiterated a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy in a research note on Wednesday, October 4th. Scotiabank reiterated a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy in a research note on Monday, October 9th. Finally, Morgan Stanley boosted their price objective on Gulfport Energy from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Gulfport Energy presently has a consensus rating of “Buy” and a consensus price target of $20.76.
The firm has a market cap of $2,330.00, a price-to-earnings ratio of -47.19, a PEG ratio of 0.28 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.
In other news, VP Steve Baldwin sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.17, for a total transaction of $48,680.00. Following the sale, the vice president now directly owns 32,634 shares of the company’s stock, valued at approximately $397,155.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Groeschel sold 7,059 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $85,837.44. Following the sale, the director now directly owns 18,389 shares in the company, valued at $223,610.24. The disclosure for this sale can be found here. Insiders have sold a total of 151,253 shares of company stock worth $1,839,219 over the last ninety days. Insiders own 0.31% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Gulfport Energy by 122.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after acquiring an additional 1,794,132 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Gulfport Energy during the 3rd quarter worth approximately $292,000. Swiss National Bank raised its holdings in shares of Gulfport Energy by 4.0% during the 3rd quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock worth $3,947,000 after acquiring an additional 10,700 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Gulfport Energy by 9.3% during the 3rd quarter. Prudential Financial Inc. now owns 1,098,476 shares of the oil and gas producer’s stock worth $15,752,000 after acquiring an additional 93,011 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of Gulfport Energy by 8.1% during the 3rd quarter. Systematic Financial Management LP now owns 543,303 shares of the oil and gas producer’s stock valued at $7,791,000 after purchasing an additional 40,577 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.
About Gulfport Energy
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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