Gulfport Energy Corporation Draws Bullish Options Activity Today

 Gulfport Energy Corporation Draws Bullish Options Activity Today

In today’s session Gulfport Energy Corporation (GPOR) registered an unusually high (427) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GPOR increase. With 427 contracts traded and 784 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPOR161216C00025000 closed last at: $1.55 or 11.4% down. About 881,308 shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 14.29% since March 30, 2016 and is downtrending. It has underperformed by 17.30% 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 $13.49 million for 54.48 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 26 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 19 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 73% are positive. Gulfport Energy Corporation has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Williams Capital Group initiated the stock with “Buy” rating in Monday, August 29 report. KLR Group upgraded the shares of GPOR in a report on Friday, August 5 to “Buy” rating. The firm has “Hold” rating given on Monday, October 24 by Tudor Pickering. JP Morgan initiated Gulfport Energy Corporation (NASDAQ:GPOR) rating on Wednesday, December 9. JP Morgan has “Overweight” rating and $30 price target. The rating was initiated by Jefferies on Tuesday, November 3 with “Buy”. RBC Capital Markets maintained Gulfport Energy Corporation (NASDAQ:GPOR) rating on Friday, August 7. RBC Capital Markets has “Outperform” rating and $59 price target. On Thursday, December 3 the stock rating was maintained by Jefferies with “Buy”. Topeka Capital Markets maintained Gulfport Energy Corporation (NASDAQ:GPOR) rating on Monday, January 25. Topeka Capital Markets has “Buy” rating and $42 price target. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) has “Hold” rating given on Wednesday, September 28 by GMP Securities. The firm has “Hold” rating given on Friday, August 19 by Jefferies.

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 2016 Q2. Its down 0.32, from 1.78 in 2016Q1. The ratio is 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.
Suntrust Banks Incorporated owns 17,124 shares or 0% of their US portfolio. Paloma Prtnrs Management Co last reported 0.03% of its portfolio in the stock. Sir Capital Mgmt Lp accumulated 806,419 shares or 3.76% of the stock. Moreover, Oregon Pub Employees Retirement Fund has 0.03% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 41,676 shares. The New York-based Locust Wood Capital Advisers Ltd Llc has invested 0.06% in Gulfport Energy Corporation (NASDAQ:GPOR). Alliancebernstein L P has 3.30M shares for 0.09% of their US portfolio. Picton Mahoney Asset Management holds 0.37% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR) for 191,099 shares. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0.01% in Gulfport Energy Corporation (NASDAQ:GPOR). The Alabama-based Weiss Multi has invested 0.38% in Gulfport Energy Corporation (NASDAQ:GPOR). Legal And General Group Public Llc has invested 0% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Paradigm Asset Management Ltd Liability reported 15,300 shares or 0% of all its holdings. California Employees Retirement holds 0.01% or 178,000 shares in its portfolio. Pier Cap Ltd Liability Com reported 181,551 shares or 1.03% of all its holdings. Ibm Retirement Fund, a New York-based fund reported 12,676 shares. Parkwood Limited Co holds 0.21% or 33,170 shares in its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 3 insider sales for $994,370 net activity. 10,000 Gulfport Energy Corporation (NASDAQ:GPOR) shares with value of $320,000 were sold by Baldwin Steve. Moore Michael G had sold 20,000 shares worth $659,088 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 $2.94 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: Finance.Yahoo.com which released: “Gulfport Energy Corporation Launches Proposed $650 Million Offering of Senior …” on October 06, 2016. Also Globenewswire.com published the news titled: “Gulfport Energy Corporation Announces the Expiration of the Tender Offer for …” on October 13, 2016. Moodys.com‘s news article titled: “Moody’s rates Gulfport Energy’s proposed unsecured notes B2” with publication date: October 06, 2016 was also an interesting one.

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