Gulfport Energy (NYSE:GPOR) Price Target Raised to $267.00

Gulfport Energy (NYSE:GPOR) had its price target boosted by UBS Group from $264.00 to $267.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on GPOR. Mizuho upped their target price on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Evercore boosted their price target on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and an average target price of $227.44.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $212.08 on Thursday. The firm’s fifty day simple moving average is $197.66 and its 200 day simple moving average is $193.21. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.43 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%. The company had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million.

Insider Activity

In other Gulfport Energy news, Director Timothy J. Cutt sold 5,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the completion of the sale, the director owned 26,255 shares in the company, valued at $5,480,206.15. The trade was a 16.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Silver Point Capital L.P. sold 84,416 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the sale, the director directly owned 2,605,729 shares in the company, valued at $532,141,976.38. This trade represents a 3.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 893,835 shares of company stock valued at $182,476,994 over the last quarter. 0.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gulfport Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in Gulfport Energy by 866.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock valued at $84,000 after acquiring an additional 364 shares during the period. Invesco Ltd. raised its position in shares of Gulfport Energy by 36.9% during the 4th quarter. Invesco Ltd. now owns 69,459 shares of the company’s stock worth $14,447,000 after purchasing an additional 18,733 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Gulfport Energy by 102.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,845 shares of the company’s stock worth $592,000 after purchasing an additional 1,440 shares during the period. State of Tennessee Department of Treasury bought a new stake in shares of Gulfport Energy in the 4th quarter worth approximately $327,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Gulfport Energy in the 4th quarter worth approximately $215,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.