Gulfport Energy Corporation (NYSE:GPOR) Receives $221.25 Average Price Target from Brokerages

Gulfport Energy Corporation (NYSE:GPOR) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $221.25.

GPOR has been the subject of a number of research reports. Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group dropped their price objective on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Evercore ISI upped their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a report on Wednesday, October 8th. Finally, William Blair initiated coverage on Gulfport Energy in a research note on Monday, August 25th. They set an “outperform” rating on the stock.

Insider Activity at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the sale, the director owned 4,288 shares in the company, valued at approximately $735,692.16. This represents a 12.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Cutt sold 2,635 shares of Gulfport Energy stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $210.45, for a total transaction of $554,535.75. Following the transaction, the director directly owned 35,473 shares of the company’s stock, valued at $7,465,292.85. The trade was a 6.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,760 shares of company stock worth $978,140. Company insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds have recently added to or reduced their stakes in GPOR. Strs Ohio bought a new stake in Gulfport Energy in the first quarter worth about $239,000. Rhumbline Advisers raised its holdings in shares of Gulfport Energy by 1.2% in the first quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after buying an additional 248 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Gulfport Energy by 337.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock worth $12,412,000 after acquiring an additional 47,600 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in Gulfport Energy during the 2nd quarter valued at $263,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Gulfport Energy in the 2nd quarter valued at $557,000.

Gulfport Energy Stock Up 0.1%

GPOR opened at $211.40 on Thursday. The company has a market cap of $4.08 billion, a P/E ratio of -29.44 and a beta of 0.62. The firm’s 50-day moving average is $184.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. Gulfport Energy has a 52 week low of $153.27 and a 52 week high of $215.57.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($1.51). Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.The firm had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million.

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.