Gulfport Energy Corporation (NYSE:GPOR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $230.8750.

GPOR has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Gulfport Energy in a report on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price target for the company. Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Roth Mkm assumed coverage on Gulfport Energy in a research report on Monday, October 13th. They issued a “neutral” rating and a $200.00 target price on the stock. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, KeyCorp increased their price objective on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 10th.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $196.52 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of -103.43 and a beta of 0.61. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78. The business has a 50 day simple moving average of $201.47 and a 200-day simple moving average of $187.22.

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 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 firm had revenue of $379.75 million for the quarter, compared to the consensus estimate of $343.18 million.

Insider Buying and Selling

In other news, Director Timothy J. Cutt sold 2,500 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total transaction of $536,850.00. Following the sale, the director owned 31,255 shares of the company’s stock, valued at approximately $6,711,698.70. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David D. Wolf sold 1,525 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $210.27, for a total value of $320,661.75. Following the completion of the transaction, the director directly owned 4,462 shares of the company’s stock, valued at $938,224.74. This trade represents a 25.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 312,172 shares of company stock valued at $67,975,930 in the last ninety days. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Several institutional investors have recently bought and sold shares of GPOR. Advisory Services Network LLC acquired a new position in Gulfport Energy during the 3rd quarter valued at about $28,000. Financial Consulate Inc. acquired a new stake in shares of Gulfport Energy in the third quarter valued at $31,000. Federated Hermes Inc. raised its position in Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after acquiring an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after acquiring an additional 168 shares during 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.