Piper Sandler Lowers Gulfport Energy (NASDAQ:GPOR) to Neutral

Piper Sandler cut shares of Gulfport Energy (NASDAQ:GPOR) from an overweight rating to a neutral rating in a report published on Tuesday morning, BenzingaRatingsTable reports. They currently have $2.00 price target on the oil and gas producer’s stock, down from their previous price target of $5.00.

Several other analysts have also issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Gulfport Energy from $3.00 to $2.50 and set a buy rating on the stock in a research report on Monday, January 27th. US Capital Advisors cut shares of Gulfport Energy from an overweight rating to a hold rating in a research note on Thursday, January 9th. BidaskClub cut shares of Gulfport Energy from a sell rating to a strong sell rating in a research note on Saturday, January 18th. ValuEngine raised shares of Gulfport Energy from a sell rating to a hold rating in a research note on Friday, January 3rd. Finally, Zacks Investment Research cut shares of Gulfport Energy from a hold rating to a sell rating and set a $3.00 price objective for the company. in a research note on Tuesday, December 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $5.23.

NASDAQ GPOR opened at $1.23 on Tuesday. The company’s 50 day moving average is $1.99 and its 200-day moving average is $2.68. Gulfport Energy has a 12-month low of $1.06 and a 12-month high of $8.35. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a market cap of $198.84 million, a P/E ratio of 0.98 and a beta of 1.00.

A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in Gulfport Energy by 972.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,106 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 7,350 shares in the last quarter. Brookstone Capital Management grew its stake in Gulfport Energy by 5.2% in the 4th quarter. Brookstone Capital Management now owns 168,885 shares of the oil and gas producer’s stock worth $513,000 after buying an additional 8,287 shares in the last quarter. Versant Capital Management Inc grew its stake in Gulfport Energy by 2,233.3% in the 4th quarter. Versant Capital Management Inc now owns 8,680 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 8,308 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in Gulfport Energy by 11.5% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 82,217 shares of the oil and gas producer’s stock worth $250,000 after buying an additional 8,449 shares in the last quarter. Finally, Cetera Advisor Networks LLC purchased a new position in Gulfport Energy in the 3rd quarter worth approximately $29,000. 94.33% of the stock is owned by institutional investors.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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