Gulfport Energy Co. (NASDAQ:GPOR)’s share price shot up 9.2% during mid-day trading on Wednesday . The stock traded as high as $1.22 and last traded at $1.19, 5,335,000 shares were traded during trading. A decline of 6% from the average session volume of 5,646,091 shares. The stock had previously closed at $1.09.

Several research firms have issued reports on GPOR. US Capital Advisors lowered Gulfport Energy from an “overweight” rating to a “hold” rating in a research note on Thursday, January 9th. Williams Capital reiterated a “hold” rating and set a $3.00 price objective on shares of Gulfport Energy in a research note on Friday, November 1st. Piper Sandler lowered Gulfport Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $5.00 to $2.00 in a research note on Tuesday. Imperial Capital lowered their target price on Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Finally, BidaskClub lowered Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 18th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.23.

The company has a market capitalization of $183.36 million, a price-to-earnings ratio of 0.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50 day moving average price of $1.99 and a two-hundred day moving average price of $2.68.

Several large investors have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Gulfport Energy by 9.7% in the fourth quarter. State Street Corp now owns 11,501,138 shares of the oil and gas producer’s stock valued at $34,963,000 after buying an additional 1,017,424 shares in the last quarter. Shah Capital Management increased its stake in shares of Gulfport Energy by 820.5% in the third quarter. Shah Capital Management now owns 4,000,000 shares of the oil and gas producer’s stock valued at $10,840,000 after buying an additional 3,565,467 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Gulfport Energy by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,914,877 shares of the oil and gas producer’s stock valued at $8,861,000 after buying an additional 189,415 shares in the last quarter. Caymus Capital Partners L.P. boosted its holdings in Gulfport Energy by 143.6% in the fourth quarter. Caymus Capital Partners L.P. now owns 2,062,170 shares of the oil and gas producer’s stock valued at $6,269,000 after acquiring an additional 1,215,765 shares during the last quarter. Finally, Personal Capital Advisors Corp boosted its holdings in Gulfport Energy by 246.0% in the fourth quarter. Personal Capital Advisors Corp now owns 1,993,312 shares of the oil and gas producer’s stock valued at $6,060,000 after acquiring an additional 1,417,278 shares during the last quarter. Institutional investors own 94.33% of the company’s stock.

Gulfport Energy Company Profile (NASDAQ:GPOR)

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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