Gulfport Energy (NYSE:GPOR) Price Target Raised to $229.00 at JPMorgan Chase & Co.

Gulfport Energy (NYSE:GPOR) had its price target boosted by JPMorgan Chase & Co. from $228.00 to $229.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently commented on the company. Weiss Ratings raised Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Mizuho boosted their target price on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $226.67.

Gulfport Energy Stock Up 1.7%

Shares of NYSE:GPOR opened at $199.97 on Monday. Gulfport Energy has a 1 year low of $153.27 and a 1 year high of $225.78. The business has a 50 day simple moving average of $196.45 and a two-hundred day simple moving average of $194.45. The firm has a market capitalization of $3.71 billion, a PE ratio of 9.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68.

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

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, Director Timothy J. Cutt sold 5,000 shares of Gulfport Energy stock in a transaction on Monday, March 2nd. The stock was 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 directly owned 26,255 shares of the company’s stock, valued at $5,480,206.15. The trade was a 16.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael L. Hodges sold 16,769 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $210.70, for a total value of $3,533,228.30. Following the transaction, the chief financial officer directly owned 18,473 shares in the company, valued at $3,892,261.10. The trade was a 47.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 893,835 shares of company stock worth $182,476,994 over the last quarter. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in shares of Gulfport Energy by 1,281.6% in the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock worth $77,104,000 after purchasing an additional 395,197 shares during the period. Goldentree Asset Management LP purchased a new position in Gulfport Energy during the third quarter valued at approximately $44,665,000. Ninepoint Partners LP bought a new position in Gulfport Energy in the fourth quarter worth approximately $41,598,000. Victory Capital Management Inc. raised its stake in Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after buying an additional 176,386 shares in the last quarter. Finally, Whitebox Advisors LLC lifted its holdings in Gulfport Energy by 148.6% during the third quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock worth $49,702,000 after buying an additional 164,178 shares during the period.

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.