Gulfport Energy (NYSE:GPOR) Coverage Initiated by Analysts at Truist Financial

Truist Financial assumed coverage on shares of Gulfport Energy (NYSE:GPOR) in a report released on Tuesday, Marketbeat.com reports. The brokerage issued a hold rating and a $230.00 price objective on the stock.

A number of other research firms have also weighed in on GPOR. Mizuho boosted their target price on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America lifted their price objective on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. UBS Group boosted their price objective on Gulfport Energy from $264.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Zacks Research upgraded 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 seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.90.

Gulfport Energy Trading Up 1.1%

Shares of GPOR stock opened at $209.63 on Tuesday. 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 $3.89 billion, a PE ratio of 10.31 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. The business’s 50 day moving average is $199.31 and its two-hundred day moving average is $195.70.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). The firm had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.

Insider Transactions at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the completion of the transaction, the director owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Sluiter sold 9,933 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the transaction, the senior vice president directly owned 11,980 shares of the company’s stock, valued at $2,515,800. This represents a 45.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 893,835 shares of company stock worth $182,476,994. 0.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gulfport Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPOR. Vanguard Group Inc. lifted its position in shares of Gulfport Energy by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after acquiring an additional 68,664 shares during the period. Jennison Associates LLC grew its holdings in shares of Gulfport Energy by 14.2% during the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock worth $139,662,000 after purchasing an additional 83,613 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Gulfport Energy by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after purchasing an additional 34,716 shares during the period. Victory Capital Management Inc. raised its stake in shares of Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after purchasing an additional 176,386 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Gulfport Energy by 1.8% in the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after purchasing an additional 8,668 shares in the last quarter.

About Gulfport Energy

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.