Gulfport Energy (NYSE:GPOR) Rating Increased to Buy at Wall Street Zen

Gulfport Energy (NYSE:GPOR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

A number of other brokerages have also recently issued reports on GPOR. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Roth Mkm started coverage on shares of Gulfport Energy in a report on Monday, October 13th. They issued a “neutral” rating and a $200.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Monday, December 29th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, KeyCorp raised their price target on shares of Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.88.

Gulfport Energy Price Performance

Gulfport Energy stock opened at $194.02 on Friday. The business’s 50 day simple moving average is $201.73 and its 200 day simple moving average is $186.98. Gulfport Energy has a 12 month low of $153.27 and a 12 month high of $225.78. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -102.12 and a beta of 0.61. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). The firm had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

Insider Buying and Selling at Gulfport Energy

In related news, Director Silver Point Capital L.P. sold 45,546 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $219.56, for a total value of $10,000,079.76. Following the transaction, the director owned 3,449,885 shares of the company’s stock, valued at $757,456,750.60. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lester Zitkus sold 4,745 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total value of $881,099.05. Following the sale, the senior vice president owned 7,821 shares in the company, valued at $1,452,281.49. The trade was a 37.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 312,172 shares of company stock valued at $67,975,930 over the last quarter. Company insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Several institutional investors have recently modified their holdings of GPOR. Advisory Services Network LLC purchased a new stake in Gulfport Energy in the 3rd quarter worth approximately $28,000. Financial Consulate Inc. bought a new position in shares of Gulfport Energy during the third quarter valued at approximately $31,000. Federated Hermes Inc. raised its holdings in shares of Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after acquiring an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 364.8% in 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 during the period. Finally, Assetmark Inc. boosted its holdings in Gulfport Energy by 50.5% in the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after acquiring an additional 168 shares in the last quarter.

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.