Gulfport Energy Corporation (NYSE:GPOR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Gulfport Energy Corporation (NYSE:GPOR) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $227.00.

Several analysts have weighed in on the stock. Truist Financial dropped their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Weiss Ratings downgraded shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. UBS Group cut their price target on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Zacks Research downgraded Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th.

Gulfport Energy Price Performance

Shares of GPOR opened at $150.38 on Tuesday. The company’s 50-day moving average is $167.07 and its 200-day moving average is $186.67. 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 firm has a market capitalization of $2.70 billion, a PE ratio of 5.14 and a beta of 0.41. Gulfport Energy has a fifty-two week low of $149.18 and a fifty-two week high of $225.78.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division lifted its holdings in shares of Gulfport Energy by 9.3% in the second quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock worth $160,000 after acquiring an additional 80 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Gulfport Energy in the 1st quarter valued at approximately $362,000. Bank of America Corp DE grew its holdings in shares of Gulfport Energy by 50.3% during the 1st quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after purchasing an additional 50,968 shares during the last quarter. Janus Henderson Group PLC increased its position in Gulfport Energy by 4.2% during the 1st quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock worth $47,323,000 after purchasing an additional 9,095 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Gulfport Energy by 25.3% during the 1st quarter. California State Teachers Retirement System now owns 18,797 shares of the company’s stock worth $3,977,000 after purchasing an additional 3,798 shares in the last quarter.

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.