Are Gulfport Energy (NASDAQ:GPOR) Shares Worth Your Time and Dime Following Recent Scotia Howard Weil Downgrade?


Gulfport Energy (NASDAQ:GPOR) Receives a Downgrade

It appears that trading for shares of Gulfport Energy (NASDAQ:GPOR) will be interesting to watch today. Scotia Howard Weil lowered the stock from their past Focus Stock rating to a more current Sector Outperform.

From a total of 29 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR) stock, 26 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 87% of the ratings are positive. The highest target price is $58 while the lowest target price is $25. The mean of all analyst targets is $42.55 with a 117.78% above today’s ($20.92) stock price. Gulfport Energy Corporation was the topic of 23 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on December 9 with “Overweight” rating. Northland Capital maintained shares with “Outperform” rating and $45 target share price in a report from a July 28. Goldman Sachs upgraded GPOR stock in a recent report from November 11 to “Neutral” rating. Topeka Capital Markets maintained the rating on July 27. Topeka Capital Markets has a “Buy” rating and a $50 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on an August 7.

Approximately 1.24M shares of stock traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 52.62% since May 11, 2015 and is downtrending. It has underperformed by 48.20% the S&P500.

The overall sentiment of institutions has decreased to 1.13 in Q2 2015. Its down 1.00, from 2.13 in 2015Q2. The ratio dropped, as 56 institutions have sold all the shares of Gulfport Energy Corporation that they owned while 87 funds have taken shares off the table. 31 funds have purchased shares for the first time while 131 added to their positions. These institutions now hold 115.44 million shares or 11.03% more than the 103.98 million shares they owned in 2015Q2.

The Fund Socratic Fund Management L.P. currently is holding shares equating to 37.29% of its total portfolio in Gulfport Energy Corporation representing a total of 150,500 shares. Another fund,Tbp Investments Management Llc, is holding a total of 98,654 shares equating to 7.89% of their holdings. Additionally, Firefly Value Partners Lp has a 1.62 million share stake in Gulfport Energy Corporation which represents 7.35% of their total portfolio. The Fund, Hollow Brook Wealth Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 5.04% of their total portfolio. Finally Grt Capital Partners L.L.C., a fund which is based in the state of Massachusetts reported a total holdings of 571,249 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 20, 2015, shareholders of Gulfport Energy Corporation have witnessed 0 insider buys, and a total of 3 insider sales equating to a net activity of approximately $506,509 . Groeschel Craig sold 625 shares worth approximately $27,388. Maier Stuart sold 10,045 shares worth approximately $428,121. Baldwin Steve sold 1,200 shares worth approximately $51,000.

Gulfport Energy Corporation is an independent oil and natural gas exploration and production firm focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. The company has a market cap of $2.30 billion. It 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. 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.

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.”