Brokerages Set Gulfport Energy Corporation (NYSE:GPOR) Target Price at $229.33

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been given a consensus rating of “Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $231.00.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Gulfport Energy from $208.00 to $236.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group set a $255.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. KeyCorp reissued an “overweight” rating and issued a $215.00 price target (up previously from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, July 7th. Finally, Wall Street Zen raised Gulfport Energy from a “hold” rating to a “buy” rating in a report on Wednesday, June 11th.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total value of $135,583.00. Following the completion of the transaction, the director directly owned 4,888 shares of the company’s stock, valued at approximately $946,756.72. The trade was a 12.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew Willrath sold 633 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $193.83, for a total value of $122,694.39. Following the completion of the transaction, the chief accounting officer directly owned 2,342 shares of the company’s stock, valued at $453,949.86. The trade was a 21.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in shares of Gulfport Energy in the first quarter valued at approximately $239,000. Pallas Capital Advisors LLC purchased a new stake in shares of Gulfport Energy in the second quarter valued at approximately $263,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Gulfport Energy in the second quarter valued at approximately $557,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Gulfport Energy by 21.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,100 shares of the company’s stock valued at $3,437,000 after buying an additional 3,000 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after purchasing an additional 248 shares in the last quarter.

Gulfport Energy Trading Up 4.7%

GPOR opened at $184.24 on Friday. Gulfport Energy has a 1 year low of $130.02 and a 1 year high of $210.32. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of -10.34 and a beta of 0.64.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.