Gulfport Energy Corporation (NYSE:GPOR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gulfport Energy Corporation (NYSE:GPOR) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $221.25.

Several research firms have recently weighed in on GPOR. Mizuho reduced their target price on Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a report on Monday, September 15th. KeyCorp boosted their price objective on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Evercore ISI raised their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. William Blair initiated coverage on shares of Gulfport Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. Finally, UBS Group lowered their price objective on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th.

Insider Buying and Selling

In related news, Director Jason Joseph Martinez sold 600 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the transaction, the director owned 4,288 shares in the company, valued at $735,692.16. The trade was a 12.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Timothy J. Cutt sold 2,635 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total value of $554,535.75. Following the sale, the director directly owned 35,473 shares of the company’s stock, valued at approximately $7,465,292.85. This represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 294,795 shares of company stock worth $64,658,224. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of GPOR. Millennium Management LLC raised its position in Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock worth $77,104,000 after buying an additional 395,197 shares during the last quarter. Goldentree Asset Management LP acquired a new position in shares of Gulfport Energy during the third quarter worth about $44,665,000. Jennison Associates LLC raised its holdings in Gulfport Energy by 49.3% during the second quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after purchasing an additional 186,531 shares in the last quarter. Whitebox Advisors LLC lifted its position in Gulfport Energy by 148.6% in the third quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock valued at $49,702,000 after purchasing an additional 164,178 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Gulfport Energy by 84.4% in the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock valued at $62,956,000 after purchasing an additional 159,255 shares in the last quarter.

Gulfport Energy Trading Up 0.2%

Shares of NYSE:GPOR opened at $217.06 on Monday. The business’s 50 day moving average is $196.72. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a market cap of $4.19 billion, a P/E ratio of -114.24 and a beta of 0.60.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The company had revenue of $379.75 million for the quarter, compared to analyst estimates 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.