Is Gulfport Energy Corporation a Sell? The Stock Had Bearish Options Activity Today

 Is Gulfport Energy Corporation a Sell? The Stock Had Bearish Options Activity Today

In today’s session Gulfport Energy Corporation (GPOR) recorded an unusually high (201) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GPOR decrease. With 201 contracts traded and 1724 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GPOR161118P00030000 closed last at: $3.2 or 60% up. About 1.04 million shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 4.84% since March 16, 2016 and is downtrending. It has underperformed by 10.39% the S&P500.

Analysts await Gulfport Energy Corporation (NASDAQ:GPOR) to report earnings on November, 2. They expect $0.11 EPS, up 237.50% or $0.19 from last year’s $-0.08 per share. GPOR’s profit will be $13.76 million for 63.23 P/E if the $0.11 EPS becomes a reality. After $0.24 actual EPS 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 25 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 19 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 76% are positive. Gulfport Energy Corporation has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, October 14 by Deutsche Bank. On Thursday, February 18 the stock rating was maintained by Topeka Capital Markets with “Buy”. The stock has “Overweight” rating given by Piper Jaffray on Friday, July 8. On Monday, August 22 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. As per Thursday, October 6, the company rating was initiated by Mizuho. JP Morgan maintained the stock with “Overweight” rating in Tuesday, March 15 report. The rating was reinitiated by RBC Capital Markets with “Outperform” on Friday, March 18. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) has “Buy” rating given on Tuesday, October 18 by Goldman Sachs. The stock has “Peer Perform” rating given by Wolfe Research on Tuesday, July 26. On Tuesday, November 3 the stock rating was initiated by Jefferies with “Buy”.

According to Zacks Investment Research, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential.”

Insitutional Activity: The institutional sentiment decreased to 1.46 in Q2 2016. Its down 0.32, from 1.78 in 2016Q1. The ratio dived, 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.
Art Advsrs Lc last reported 0.19% of its portfolio in the stock. Vollero Beach Limited accumulated 316,993 shares or 2.26% of the stock. Moreover, Dynamic Cap Management has 0.04% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 10,202 shares. Pier Lc has 181,551 shares for 1.03% of their US portfolio. Hbk Investments Lp last reported 0% of its portfolio in the stock. Ladenburg Thalmann Fincl Svcs Incorporated, a Florida-based fund reported 5,054 shares. Jpmorgan Chase accumulated 146,415 shares or 0% of the stock. Thompson Davis Commerce holds 0.03% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR) for 523 shares. Stevens Mngmt L P has 10,677 shares for 0.01% of their US portfolio. Northern Trust holds 985,801 shares or 0.01% of its portfolio. Invesco Limited last reported 0% of its portfolio in the stock. Glenmede Tru Co Na last reported 1.10M shares in the company. Highbridge Cap Mgmt Lc holds 920,243 shares or 0.47% of its portfolio. Lombard Odier Asset Mgmt (Europe) Ltd holds 22,725 shares or 0.04% of its portfolio. Principal Financial Grp accumulated 0.02% or 451,160 shares.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 3 insider sales for $994,370 net activity. Another trade for 566 shares valued at $15,282 was made by Baldwin Steve on Monday, August 22. Shares for $659,088 were sold by Moore Michael G on Wednesday, June 15.

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 $3.47 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.

GPOR Company Profile

Gulfport Energy Corporation (Gulfport), incorporated on June 20, 1997, 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 Firm has developed 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. 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. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Firm also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand.

More recent Gulfport Energy Corporation (NASDAQ:GPOR) news were published by: Globenewswire.com which released: “Gulfport Energy Corporation Launches Proposed $650 Million Offering of Senior …” on October 06, 2016. Also Moodys.com published the news titled: “Moody’s rates Gulfport Energy’s proposed unsecured notes B2” on October 06, 2016. Reuters.com‘s news article titled: “BRIEF-Gulfport energy corporation launches tender offer for any, all of it…” with publication date: October 06, 2016 was also an interesting one.

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