Is Gulfport Energy Corporation (GPOR) a Sell? The Stock Formed Wedge Down

June 20, 2017 - By Richard Conner

Investors sentiment increased to 1.71 in 2016 Q4. Its up 0.58, from 1.13 in 2016Q3. It is positive, as 46 investors sold Gulfport Energy Corporation shares while 62 reduced holdings. 54 funds opened positions while 131 raised stakes. 156.90 million shares or 18.33% more from 132.59 million shares in 2016Q3 were reported.
New York-based Tower Cap Llc (Trc) has invested 0.01% in Gulfport Energy Corporation (NASDAQ:GPOR). 324,816 were reported by Pembroke Mgmt Ltd. Advantus Capital Mngmt Inc holds 19,272 shares. Blackrock Lc invested in 0.1% or 4.34M shares. Public Employees Retirement Association Of Colorado has 0% invested in Gulfport Energy Corporation (NASDAQ:GPOR). Oregon Public Employees Retirement Fund, Oregon-based fund reported 53,474 shares. Boston Prtnrs holds 0.42% or 14.82 million shares in its portfolio. Cornercap Inv Counsel, Georgia-based fund reported 32,080 shares. Victory Capital Mgmt reported 0.05% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Nuveen Asset Mgmt Ltd Liability Co stated it has 0.01% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Usca Ria Ltd Liability Company invested 0.12% in Gulfport Energy Corporation (NASDAQ:GPOR). Plante Moran Fincl Limited Liability Corp owns 41 shares. The Japan-based Blackrock Japan Communications Ltd has invested 0.01% in Gulfport Energy Corporation (NASDAQ:GPOR). 43,959 were reported by Citigroup. Cipher Capital Lp stated it has 0.08% in Gulfport Energy Corporation (NASDAQ:GPOR).

The stock of Gulfport Energy Corporation (GPOR) formed a down wedge with $12.40 target or 6.00 % below today’s $13.19 share price. The 9 months wedge indicates high risk for the $2.39 billion company. If the $12.40 price target is reached, the company will be worth $143.40M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.23% or $0.16 during the last trading session, reaching $13.19. About shares traded. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 45.17% since June 20, 2016 and is downtrending. It has underperformed by 61.87% the S&P500.

Gulfport Energy Corporation (NASDAQ:GPOR) Ratings Coverage

Among 28 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 20 have Buy rating, 1 Sell and 7 Hold. Therefore 71% are positive. Gulfport Energy Corporation had 58 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets reinitiated the shares of GPOR in report on Friday, March 18 with “Outperform” rating. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) earned “Peer Perform” rating by Wolfe Research on Tuesday, July 26. Howard Weil downgraded Gulfport Energy Corporation (NASDAQ:GPOR) on Monday, December 14 to “Sector Outperform” rating. The firm earned “Overweight” rating on Wednesday, December 9 by JP Morgan. Jefferies upgraded the shares of GPOR in report on Friday, August 19 to “Hold” rating. Piper Jaffray initiated Gulfport Energy Corporation (NASDAQ:GPOR) on Friday, July 8 with “Overweight” rating. Goldman Sachs upgraded Gulfport Energy Corporation (NASDAQ:GPOR) on Tuesday, October 18 to “Buy” rating. The stock has “Overweight” rating by JP Morgan on Tuesday, March 15. The rating was maintained by Stifel Nicolaus on Thursday, February 18 with “Buy”. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, March 28.

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