Could Gulfport Energy Corporation Rise Even More? The Stock Had Bullish Options Activity

 Could Gulfport Energy Corporation Rise Even More? The Stock Had Bullish Options Activity

In today’s session Gulfport Energy Corporation (GPOR) registered an unusually high (518) 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 518 contracts traded and 6364 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPOR161216C00025000 closed last at: $1.15 or 35.3% up. About 200,107 shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 12.60% since April 14, 2016 and is downtrending. It has underperformed by 17.29% the S&P500.

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. Mizuho initiated the shares of GPOR in a report on Thursday, October 6 with “Buy” rating. Topeka Capital Markets maintained the shares of GPOR in a report on Monday, January 25 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Thursday, December 3. On Wednesday, September 28 the stock rating was reinitiated by GMP Securities with “Hold”. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) has “Overweight” rating given on Friday, July 8 by Piper Jaffray. KLR Group upgraded Gulfport Energy Corporation (NASDAQ:GPOR) on Friday, August 5 to “Buy” rating. The rating was downgraded by Deutsche Bank on Tuesday, June 14 to “Hold”. FBR Capital maintained Gulfport Energy Corporation (NASDAQ:GPOR) on Friday, August 7 with “Outperform” rating. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, November 11. The firm has “Overweight” rating given on Wednesday, December 9 by JP Morgan.

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.
Tph Asset Management Llc has 0.32% invested in the company for 106,775 shares. The Massachusetts-based Grt Capital Ptnrs Limited Liability Company has invested 4.11% in Gulfport Energy Corporation (NASDAQ:GPOR). Group accumulated 0% or 242,840 shares. Sg Americas Limited Com holds 0.01% or 28,855 shares in its portfolio. The North Carolina-based Bank Of America De has invested 0.01% in Gulfport Energy Corporation (NASDAQ:GPOR). Clinton Gru Incorporated last reported 109,868 shares in the company. Ladenburg Thalmann Services Inc holds 5,054 shares or 0% of its portfolio. Wolverine Asset Ltd Liability Co has 0% invested in the company for 5,700 shares. Schwab Charles Mngmt Inc accumulated 0.01% or 380,809 shares. Northern Corp last reported 0.01% of its portfolio in the stock. Moreover, Wesbanco Bank has 0.03% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 15,182 shares. Springbok Management Limited Liability has invested 0.36% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Pioneer Investment Mgmt owns 140,012 shares or 0.02% of their US portfolio. Broadview Advsrs Ltd Liability Company holds 1.55% or 330,500 shares in its portfolio. Nikko Asset Mgmt Americas last reported 243,100 shares in the company.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 3 selling transactions for $994,370 net activity. Another trade for 10,000 shares valued at $320,000 was made by Baldwin Steve on Tuesday, June 7. 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 $3.26 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.

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.

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