Market Runner: Gulfport Energy Corporation Has Another Very Weak Trading Session

Market Runner: Gulfport Energy Corporation Has Another Very Weak Trading Session

The stock of Gulfport Energy Corporation (NASDAQ:GPOR) is a huge mover today! About 677,664 shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has risen 10.02% since March 11, 2016 and is uptrending. It has outperformed by 4.56% the S&P500.
The move comes after 5 months negative chart setup for the $3.80B company. It was reported on Oct, 14 by We have $27.26 PT which if reached, will make NASDAQ:GPOR worth $304.00M less.

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 $14.11 million for 67.34 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 25 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 18 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 72% are positive. Gulfport Energy Corporation has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, December 9, the company rating was initiated by JP Morgan. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) earned “Overweight” rating by Piper Jaffray on Friday, July 8. The company was upgraded on Wednesday, November 11 by Goldman Sachs. The rating was downgraded by Alembic to “Neutral” on Tuesday, April 5. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, August 22. The stock has “Sector Outperform” rating given by Howard Weil on Monday, December 14. Jefferies maintained the stock with “Buy” rating in Thursday, December 3 report. The firm has “Buy” rating by Topeka Capital Markets given on Monday, January 25. The company was maintained on Tuesday, July 28 by Northland Capital. Jefferies upgraded Gulfport Energy Corporation (NASDAQ:GPOR) on Friday, August 19 to “Hold” rating.

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 fall, 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.
University Of Notre Dame Du Lac has 67,733 shares for 2% of their US portfolio. Viking Invsts Limited Partnership holds 8.96 million shares or 1.19% of its portfolio. Citadel Advisors Ltd holds 925,259 shares or 0.03% of its portfolio. Susquehanna Intl Ltd Liability Partnership has invested 0% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Tortoise Capital Advsr Ltd Liability Co holds 0.04% or 203,145 shares in its portfolio. Lord Abbett & Limited Liability Com has 0.06% invested in the company for 582,830 shares. The Florida-based Eagle Asset Mgmt Incorporated has invested 0.01% in Gulfport Energy Corporation (NASDAQ:GPOR). Mutual Of America Capital Management Ltd Liability, a New York-based fund reported 206,238 shares. Geosphere Capital Mgmt holds 3.09% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR) for 100,000 shares. Endowment Limited Partnership, a North Carolina-based fund reported 7,900 shares. New York State Teachers Retirement System last reported 0.02% of its portfolio in the stock. Boothbay Fund Ltd Liability Corporation last reported 12,717 shares in the company. The Connecticut-based Wexford Cap Lp has invested 0.14% in Gulfport Energy Corporation (NASDAQ:GPOR). Ejf Capital Lc has 10,000 shares for 0.03% of their US portfolio. Encompass Cap Advsrs Ltd Liability Corp owns 630,000 shares or 5.84% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 3 selling transactions for $994,370 net activity. The insider Baldwin Steve sold $320,000. 20,000 shares were sold by Moore Michael G, worth $659,088 on Wednesday, June 15.

Another recent and important Gulfport Energy Corporation (NASDAQ:GPOR) news was published by which published an article titled: “Gulfport Energy Corporation Launches Proposed $650 Million Offering of Senior …” on October 06, 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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