Gulfport Energy (NYSE:GPOR) Now Covered by Analysts at William Blair

William Blair initiated coverage on shares of Gulfport Energy (NYSE:GPOR) in a research note issued to investors on Monday morning, MarketBeat reports. The firm issued an outperform rating on the stock.

Other analysts have also issued research reports about the company. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a report on Monday, July 7th. Bank of America lifted their price objective on shares of Gulfport Energy from $217.00 to $218.00 and gave the company a “buy” rating in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their price objective on Gulfport Energy from $208.00 to $236.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, UBS Group cut their price target on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, Gulfport Energy has a consensus rating of “Buy” and an average price target of $224.00.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock opened at $167.86 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $180.29. The company has a market cap of $2.95 billion, a PE ratio of -23.38 and a beta of 0.62. Gulfport Energy has a one year low of $135.84 and a one year high of $210.32.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.91 by ($0.85). The business had revenue of $447.62 million for the quarter, compared to analysts’ expectations of $334.57 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Insider Activity at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction 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 in the company, valued at approximately $946,756.72. This trade represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew Willrath sold 633 shares of Gulfport Energy stock in a transaction dated 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 owned 2,342 shares of the company’s stock, valued at $453,949.86. The trade was a 21.28% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Westwood Holdings Group Inc. increased its stake in shares of Gulfport Energy by 71.5% during the second quarter. Westwood Holdings Group Inc. now owns 3,085 shares of the company’s stock worth $621,000 after acquiring an additional 1,286 shares during the period. FORA Capital LLC purchased a new position in shares of Gulfport Energy during the 2nd quarter worth approximately $226,000. Tower Research Capital LLC TRC lifted its holdings in shares of Gulfport Energy by 42.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,468 shares of the company’s stock valued at $295,000 after buying an additional 435 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of Gulfport Energy in the 2nd quarter valued at approximately $339,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Gulfport Energy in the second quarter valued at approximately $228,000.

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.