Gulfport Energy Corporation (NYSE:GPOR) Receives $231.33 Average Price Target from Analysts

Shares of Gulfport Energy Corporation (NYSE:GPOR) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $230.1111.

GPOR has been the topic of a number of recent analyst reports. Mizuho upped their target price on shares of Gulfport Energy from $248.00 to $251.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial decreased their target price on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Bank of America lifted their target price on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Gulfport Energy Trading Up 1.0%

NYSE GPOR opened at $180.06 on Thursday. The firm’s 50-day moving average is $199.18 and its two-hundred day moving average is $199.87. Gulfport Energy has a 12 month low of $160.95 and a 12 month high of $225.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $3.24 billion, a P/E ratio of 6.15, a PEG ratio of 0.87 and a beta of 0.46.

Gulfport Energy (NYSE:GPOR) last posted 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 35.72% and a return on equity of 23.51%. The company had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million. On average, sell-side analysts anticipate that Gulfport Energy will post 24.31 earnings per share for the current year.

Insider Buying and Selling

In other Gulfport Energy news, CFO Michael L. Hodges sold 16,769 shares of Gulfport Energy stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 18,473 shares of the company’s stock, valued at $3,892,261.10. The trade was a 47.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the transaction, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This represents a 9.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 876,258 shares of company stock worth $179,141,707 over the last 90 days. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Gulfport Energy by 17.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,795 shares of the company’s stock valued at $380,000 after buying an additional 261 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Gulfport Energy by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after buying an additional 34,486 shares during the period. Swiss National Bank boosted its stake in shares of Gulfport Energy by 0.6% in the 1st quarter. Swiss National Bank now owns 31,200 shares of the company’s stock valued at $6,601,000 after buying an additional 200 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Gulfport Energy by 6.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 25,640 shares of the company’s stock valued at $5,425,000 after buying an additional 1,600 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Gulfport Energy by 18.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,966 shares of the company’s stock valued at $628,000 after buying an additional 452 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.