Gulfport Energy Corporation (GPOR) stock had a bullish inflow of $44.07 million worth of trades on uptick and an outflow of $27.32 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.61. The net money flow into the stock was $16.75 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $16.38 million. An inflow of $18.92 million block trade was recorded on downticks. $35.3 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 1.87 in favor of the bulls. However, Gulfport Energy Corporation (GPOR) stock traded down $0.12 , and reached $29.03, a drop of -0.41% over the previous day. On a weekly basis, the stock is 1.61%, over the previous weeks close.
Also, Equity Analysts at the Brokerage Firm, KeyBanc, maintains their rating on the shares of Gulfport Energy Corporation (NASDAQ:GPOR). KeyBanc has a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $35 per share from a prior target of $40. The rating by the firm was issued on August 22, 2016.
Shares of Gulfport Energy Corp. rose by 5.68% in the last five trading days and 4.2% for the last 4 weeks. Gulfport Energy Corp. has dropped 7.31% during the last 3-month period . Year-to-Date the stock performance stands at 18.15%.
Gulfport Energy Corporation (NASDAQ:GPOR): The stock opened at $29.17 on Tuesday but the bulls could not build on the opening and the stock topped out at $29.53 for the day. The stock traded down to $28.79 during the day, due to lack of any buying support eventually closed down at $29.03 with a loss of -0.41% for the day. The stock had closed at $29.15 on the previous day. The total traded volume was 4,213,923 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President of Geosciences) of Gulfport Energy Corp, Maier Stuart had sold 10,000 shares worth of $333,500 in a transaction dated June 20, 2016. In this transaction, 10,000 shares were sold at $33.35 per share.
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 Companys 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.