KLR Group Upgrades Gulfport Energy Corporation to Buy

Brokerage firm KLR Group Upgrades its rating on Gulfport Energy Corporation(NASDAQ:GPOR). The shares have been rated Buy. Previously, the analysts had a Accumulate rating on the shares. The rating by KLR Group was issued on Aug 5, 2016.

In a different note, Wolfe Research said it Initiates Coverage on Gulfport Energy Corporation, according to a research note issued on Jul 26, 2016. The shares have been rated ‘Peer Perform’ by the firm. On Jul 8, 2016, Piper Jaffray said it Assumes its rating on Gulfport Energy Corporation. The shares have been rated ‘Overweight’ by the firm. On Jun 27, 2016, Wunderlich said it Maintains its rating on Gulfport Energy Corporation. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 14, 2016, Deutsche Bank said it Downgrades its rating on Gulfport Energy Corporation. The shares have been rated ‘Hold’ by the firm.

Gulfport Energy Corporation (GPOR) shares turned negative on Wednesdays trading session with the shares closing down -0.84 points or -3.17% at a volume of 31,66,029. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.53. The peak price level was also seen at $26.53 while the days lowest was $25.63. Finally the shares closed at $25.65. The 52-week high of the shares is $36.55 while the 52-week low is $20.21. According to the latest information available, the market cap of the company is $3,216 M.

Gulfport Energy Corporation(GPOR) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.24. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Stuart Maier (Vice President of Geosciences) sold 10,000 shares at $33.35 per share price.Also, On Jun 17, 2016, Michael G Moore (President & CEO) sold 20,000 shares at $32.95 per share price.On Jun 9, 2016, Steve Baldwin (VP of Reservoir Engineering) sold 10,000 shares at $32.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration exploitation acquisition and production of crude oil natural gas liquids and natural gas in the United States. 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. 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 producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly) and interests in entities that operate in Southeast Asia including the Phu Horm gas field in Thailand.

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