The stock of Gulfport Energy Corporation (NASDAQ:GPOR) is a huge mover today! About 1.15 million shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 16.34% since April 13, 2016 and is downtrending. It has underperformed by 20.27% the S&P500.
The move comes after 7 months positive chart setup for the $3.26 billion company. It was reported on Nov, 15 by Barchart.com. We have $37.30 PT which if reached, will make NASDAQ:GPOR worth $1.56B more.
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. Canaccord Genuity initiated it with “Buy” rating and $48 target price in Wednesday, October 21 report. The firm has “Hold” rating by Deutsche Bank given on Tuesday, June 14. Topeka Capital Markets maintained the shares of GPOR in a report on Monday, January 25 with “Buy” rating. The rating was initiated by JP Morgan on Wednesday, December 9 with “Overweight”. On Friday, May 6 the stock rating was maintained by Howard Weil with “Sector Outperform”. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) earned “Peer Perform” rating by Wolfe Research on Tuesday, July 26. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, November 11 report. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) earned “Buy” rating by Jefferies on Tuesday, November 3. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) has “Buy” rating given on Thursday, October 6 by Mizuho. The rating was downgraded by Euro Pacific Capital to “Neutral” on Monday, February 22.
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.
Credit Suisse Ag accumulated 0.01% or 265,807 shares. Legal General Gp Public Ltd Company last reported 0% of its portfolio in the stock. The Missouri-based American Century Cos Inc has invested 0.04% in Gulfport Energy Corporation (NASDAQ:GPOR). Tower Rech (Trc), a New York-based fund reported 394 shares. Blackrock Grp Ltd has 908,883 shares for 0.01% of their US portfolio. Selz Ltd Liability Corporation last reported 50,000 shares in the company. California Pub Employees Retirement System holds 0.01% or 178,000 shares in its portfolio. Eaton Vance Mngmt owns 115,888 shares or 0.01% of their US portfolio. Northern Tru owns 985,801 shares or 0.01% of their US portfolio. Gateway Invest Advisers Ltd Liability Corp owns 251,279 shares or 0.07% of their US portfolio. Plante Moran Ltd Liability Co reported 18 shares or 0% of all its holdings. Moreover, Citadel Limited Liability Corporation has 0.03% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 925,259 shares. Utah Retirement last reported 22,900 shares in the company. Moreover, Southeast Asset has 0.19% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 18,805 shares. Pembroke Mngmt Ltd holds 1.37% or 480,116 shares in its portfolio.
Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 3 selling transactions for $994,370 net activity. $320,000 worth of Gulfport Energy Corporation (NASDAQ:GPOR) shares were sold by Baldwin Steve. $659,088 worth of Gulfport Energy Corporation (NASDAQ:GPOR) was sold by Moore Michael G.
Another recent and important Gulfport Energy Corporation (NASDAQ:GPOR) news was published by Reuters.com which published an article titled: “BRIEF-Gulfport Energy Corporation says Q3 loss per share $1.25” on November 02, 2016.
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.
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