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

Gulfport Energy Corporation (NYSE:GPOR) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $230.8750.

A number of research firms recently weighed in on GPOR. Evercore lifted their target price 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. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. KeyCorp boosted their price objective on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Tudor Pickering cut Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th.

Insider Buying and Selling

In related news, Director Silver Point Capital L.P. sold 244,489 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $219.56, for a total value of $53,680,004.84. Following the completion of the transaction, the director owned 3,495,431 shares in the company, valued at $767,456,830.36. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Lester Zitkus sold 4,745 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total value of $881,099.05. Following the transaction, the senior vice president directly owned 7,821 shares in the company, valued at $1,452,281.49. This trade represents a 37.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 308,012 shares of company stock valued at $67,100,732 in the last ninety days. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GPOR. Invesco Ltd. grew its holdings in shares of Gulfport Energy by 36.9% in the 4th quarter. Invesco Ltd. now owns 69,459 shares of the company’s stock valued at $14,447,000 after buying an additional 18,733 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Gulfport Energy by 102.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,845 shares of the company’s stock worth $592,000 after acquiring an additional 1,440 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in Gulfport Energy in the fourth quarter valued at about $327,000. EP Wealth Advisors LLC acquired a new position in Gulfport Energy in the fourth quarter valued at about $215,000. Finally, Empowered Funds LLC increased its holdings in shares of Gulfport Energy by 15.6% in the fourth quarter. Empowered Funds LLC now owns 16,147 shares of the company’s stock worth $3,358,000 after acquiring an additional 2,173 shares in the last quarter.

Gulfport Energy Stock Up 1.6%

Gulfport Energy stock opened at $204.84 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. Gulfport Energy has a fifty-two week low of $153.27 and a fifty-two week high of $225.78. The firm has a fifty day moving average price of $197.34 and a two-hundred day moving average price of $190.38. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -107.81 and a beta of 0.61.

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.