Gulfport Energy Corporation (NASDAQ:GPOR).
On August 19 the stock rating was upgraded to “Hold” from “Buy” in a report from Jefferies. Wolfe Research added the stock to its research portfolio with an initial rating of “Peer Perform”.
Equity analyst Piper Jaffray initiated coverage on GPOR with a rating of “Overweight”. June 27 investment analysts at Wunderlich made no change to the company rating of “Buy” but lowered the price expectation from $75.00 to $40.00.
On June 14, 2016 the stock rating was changed to a “Hold” by Deutsche Bank a cut from the previous “Buy” rating.
In the market the company is trading down by -5.10% since yesterday’s close of $27.66. It is currently trading at $26.25 which is slightly below $27.81, the 50 day moving average and a tad under the 200 day moving average of $29.32. The 50 day moving average moved down $-1.56 and the 200 day average moved down $-3.07.
As of the last earnings report the EPS was $-15.88 and is estimated to be $0.66 for the current year with 125,367,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.17 and the next full year EPS is projected to be $0.84.
Traders are feeling more bearish on Gulfport Energy Corporation of late if you take a look at the change in short interest. The stock experienced a rise in short interest of 0.60% between August 31, 2016 and September 15, 2016. Short interest increased from 6,323,909 to 10,122,954 over that timeframe. With short interest at 10,122,954 and short average daily volume at 2,971,143, the short-interest ratio is 3.4 and the percentage of shorted shares is 0.08% as of September 15.