Is Gulfport Energy Corporation a Buy? The Stock Had Bullish Options Activity Today

 Is Gulfport Energy Corporation a Buy? The Stock Had Bullish Options Activity Today

In today’s session Gulfport Energy Corporation (GPOR) registered an unusually high (149) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GPOR increase. With 149 contracts traded and 804 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPOR161118C00030000 closed last at: $1.05 or 40% up. The stock decreased 2.44% or $0.7 during the last trading session, hitting $27.94. About 1.84 million shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has risen 8.93% since March 2, 2016 and is uptrending. It has underperformed by 0.31% the S&P500.

Analysts await Gulfport Energy Corporation (NASDAQ:GPOR) to report earnings on November, 2. They expect $0.11 earnings per share, up 237.50% or $0.19 from last year’s $-0.08 per share. GPOR’s profit will be $13.98 million for 63.50 P/E if the $0.11 EPS becomes a reality. After $0.24 actual earnings per share reported by Gulfport Energy Corporation for the previous quarter, Wall Street now forecasts -54.17% negative EPS growth.

Gulfport Energy Corporation (NASDAQ:GPOR) Ratings Coverage

Out of 24 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 17 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 71% are positive. Gulfport Energy Corporation has been the topic of 50 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, August 5 the stock rating was upgraded by KLR Group to “Buy”. The firm earned “Hold” rating on Friday, August 19 by Jefferies. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) has “Buy” rating given on Thursday, February 18 by Stifel Nicolaus. As per Wednesday, October 21, the company rating was initiated by Canaccord Genuity. The firm earned “Buy” rating on Tuesday, November 3 by Jefferies. The rating was initiated by Piper Jaffray with “Overweight” on Friday, July 8. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 14. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, August 22. Jefferies maintained the shares of GPOR in a report on Thursday, December 3 with “Buy” rating. The firm earned “Sector Outperform” rating on Friday, May 6 by Howard Weil.

Insitutional Activity: The institutional sentiment decreased to 1.46 in Q2 2016. Its down 0.32, from 1.78 in 2016Q1. The ratio turned negative, as 36 funds sold all Gulfport Energy Corporation shares owned while 78 reduced positions. 46 funds bought stakes while 121 increased positions. They now own 126.76 million shares or 1.42% less from 128.59 million shares in 2016Q1.
Seven Eight Capital Ltd has 0.12% invested in the company for 11,313 shares. Geode Capital Lc has 874,902 shares for 0.01% of their US portfolio. Tortoise Cap Limited Liability Corp holds 0.04% or 203,145 shares in its portfolio. Axa reported 16,845 shares or 0% of all its holdings. Asset Mgmt Inc holds 3,200 shares or 0% of its portfolio. Liberty Mutual Grp Asset Mngmt owns 53,405 shares or 0.06% of their US portfolio. Wells Fargo & Mn has invested 0% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Steadfast Capital Management Lp, a New York-based fund reported 2.39 million shares. Tudor Invest Corporation Et Al has 19,924 shares for 0.01% of their US portfolio. Point72 Asia (Hong Kong) holds 20,486 shares or 0.74% of its portfolio. Highbridge Cap has 920,243 shares for 0.47% of their US portfolio. Moreover, Ejf Capital Ltd Liability Corp has 0.03% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 10,000 shares. Parametric Portfolio Associate Llc has 195,421 shares for 0.01% of their US portfolio. Moreover, Connor Clark Lunn Ltd has 0.27% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 1.19 million shares. Locust Wood Capital Advisers holds 16,430 shares or 0.06% of its portfolio.

Insider Transactions: Since April 12, 2016, the stock had 0 insider purchases, and 5 selling transactions for $1.20 million net activity. $659,088 worth of Gulfport Energy Corporation (NASDAQ:GPOR) was sold by Moore Michael G. $320,000 worth of Gulfport Energy Corporation (NASDAQ:GPOR) shares were sold by Baldwin Steve. $90,000 worth of Gulfport Energy Corporation (NASDAQ:GPOR) was sold by Crowell Keri on Tuesday, April 12.

Gulfport Energy Corporation is an independent oil and natural gas exploration and production firm focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The company has a market cap of $3.55 billion. The Firm has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. It currently has negative earnings. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields.

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