Analysts Set Gulfport Energy Corporation (NYSE:GPOR) PT at $227.00

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $227.00.

Several equities research analysts have recently commented on GPOR shares. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial dropped their price target on Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Weiss Ratings downgraded Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Zacks Research lowered shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, UBS Group decreased their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, April 16th.

Institutional Investors Weigh In On Gulfport Energy

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Gulfport Energy in the fourth quarter valued at about $2,478,000. SG Americas Securities LLC raised its stake in shares of Gulfport Energy by 93.0% during the 4th quarter. SG Americas Securities LLC now owns 11,822 shares of the company’s stock worth $2,459,000 after purchasing an additional 5,698 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Gulfport Energy by 7.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 108,889 shares of the company’s stock valued at $22,648,000 after buying an additional 7,962 shares during the last quarter. BOKF NA lifted its holdings in shares of Gulfport Energy by 66.7% during the 4th quarter. BOKF NA now owns 25,000 shares of the company’s stock valued at $5,200,000 after buying an additional 10,000 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Gulfport Energy by 14.2% during the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after buying an additional 83,613 shares during the last quarter.

Gulfport Energy Stock Performance

GPOR opened at $158.01 on Tuesday. The firm has a market cap of $2.84 billion, a PE ratio of 5.40 and a beta of 0.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $165.67 and a 200-day simple moving average of $185.62. Gulfport Energy has a fifty-two week low of $149.18 and a fifty-two week high of $225.78.

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.