Somewhat Favorable News Coverage Somewhat Unlikely to Affect Gulfport Energy (NASDAQ:GPOR) Stock Price

News stories about Gulfport Energy (NASDAQ:GPOR) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gulfport Energy earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news coverage about the oil and gas producer an impact score of 46.4520776248801 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

A number of analysts have recently issued reports on GPOR shares. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target on shares of Gulfport Energy in a report on Thursday, December 14th. JPMorgan Chase & Co. raised shares of Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a report on Friday, December 15th. SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price target on shares of Gulfport Energy in a report on Friday, December 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $20.00 price target on shares of Gulfport Energy in a report on Tuesday, January 9th. Finally, Credit Suisse Group began coverage on shares of Gulfport Energy in a research note on Monday, December 11th. They issued a “neutral” rating and a $15.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.10.

Gulfport Energy (NASDAQ GPOR) traded up $0.29 during midday trading on Friday, reaching $8.84. 7,076,717 shares of the company’s stock were exchanged, compared to its average volume of 5,362,473. Gulfport Energy has a 12 month low of $8.31 and a 12 month high of $21.36. The company has a market cap of $1,618.44, a PE ratio of -32.74, a price-to-earnings-growth ratio of 0.22 and a beta of 0.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.

Gulfport Energy announced that its board has approved a share repurchase program on Monday, January 29th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

In other Gulfport Energy news, CEO Michael G. Moore sold 118,494 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the sale, the chief executive officer now owns 295,449 shares in the company, valued at approximately $3,592,659.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul D. Westerman acquired 10,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $12.75 per share, with a total value of $127,500.00. Following the completion of the acquisition, the director now owns 15,488 shares in the company, valued at $197,472. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 151,253 shares of company stock worth $1,839,219. 0.31% of the stock is owned by company insiders.

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About Gulfport Energy

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Insider Buying and Selling by Quarter for Gulfport Energy (NASDAQ:GPOR)

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