Gulfport Energy (NYSE:GPOR) Price Target Cut to $199.00 by Analysts at Mizuho

Gulfport Energy (NYSE:GPOR) had its target price trimmed by Mizuho from $227.00 to $199.00 in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued reports about the company. UBS Group cut their price target on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Bank of America upped their price target on Gulfport Energy from $217.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. William Blair assumed coverage on Gulfport Energy in a report on Monday, August 25th. They set an “outperform” rating for the company. KeyCorp cut their price target on Gulfport Energy from $215.00 to $205.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. upped 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, July 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $217.00.

Gulfport Energy Stock Down 0.7%

Shares of GPOR stock opened at $172.76 on Monday. Gulfport Energy has a 12 month low of $136.45 and a 12 month high of $210.32. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of -24.06 and a beta of 0.62. The stock’s 50 day simple moving average is $172.93. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42.

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

Insider Activity at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 600 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the transaction, the director directly owned 4,288 shares in the company, valued at approximately $735,692.16. This represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional Trading of Gulfport Energy

A number of large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Gulfport Energy during the second quarter worth $85,000. Assetmark Inc. raised its stake in Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after acquiring an additional 168 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Gulfport Energy by 1,360.5% during the second quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock worth $126,000 after acquiring an additional 585 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Gulfport Energy during the second quarter worth $226,000.

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.