Analysts Set Gulfport Energy Corporation (NYSE:GPOR) PT at $226.67

Shares of Gulfport Energy Corporation (NYSE:GPOR) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $228.7778.

Several research firms recently commented on GPOR. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Tudor Pickering cut Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. JPMorgan Chase & Co. raised their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Finally, 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 report on Friday, December 12th.

Insider Transactions at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $208.73, for a total value of $1,043,650.00. Following the completion of the sale, the director directly owned 26,255 shares in the company, valued at $5,480,206.15. This trade represents a 16.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Silver Point Capital L.P. sold 84,416 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $204.22, for a total value of $17,239,435.52. Following the completion of the sale, the director directly owned 2,605,729 shares of the company’s stock, valued at $532,141,976.38. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 893,835 shares of company stock valued at $182,476,994. 0.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of hedge funds have recently added to or reduced their stakes in GPOR. Advisory Services Network LLC acquired a new position in shares of Gulfport Energy during the third quarter worth approximately $28,000. Financial Consulate Inc. acquired a new stake in Gulfport Energy in the 3rd quarter valued at $31,000. Allworth Financial LP increased its stake in Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. Federated Hermes Inc. increased its stake in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares during the last quarter.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $205.10 on Wednesday. The company has a market capitalization of $3.81 billion, a PE ratio of 10.09 and a beta of 0.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78. The firm has a fifty day simple moving average of $198.08 and a 200 day simple moving average of $194.93.

Gulfport Energy (NYSE:GPOR) last issued its quarterly 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 firm had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million.

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.