Gulfport Energy Corporation (NYSE:GPOR) Stock Has Average Price Target of $210.50

Shares of Gulfport Energy Corporation (NYSE:GPOR) have received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $208.50.

GPOR has been the topic of a number of analyst reports. Weiss Ratings cut shares of Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. restated an “underweight” rating and set a $194.00 price target (down from $240.00) on shares of Gulfport Energy in a research note on Tuesday, September 8th. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Mizuho set a $237.00 price objective on Gulfport Energy in a report on Wednesday. Finally, Truist Financial lowered their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research note on Wednesday, August 5th.

Gulfport Energy Stock Down 1.3%

GPOR opened at $162.50 on Friday. Gulfport Energy has a fifty-two week low of $149.18 and a fifty-two week high of $225.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $167.29 and its two-hundred day moving average price is $173.74. The company has a market capitalization of $2.87 billion, a P/E ratio of 6.50 and a beta of 0.56.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $1.03. The company had revenue of $323.23 million during the quarter. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. On average, analysts anticipate that Gulfport Energy will post 22.40 EPS for the current year.

Insider Buying and Selling

In other Gulfport Energy news, Director Timothy J. Cutt sold 2,500 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $158.98, for a total value of $397,450.00. Following the sale, the director directly owned 27,013 shares in the company, valued at $4,294,526.74. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. purchased 1,600 shares of the stock in a transaction on Friday, August 7th. The stock was bought at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the transaction, the chief executive officer directly owned 24,349 shares of the company’s stock, valued at approximately $3,910,692.89. This trade represents a 7.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GPOR. GAMMA Investing LLC grew its holdings in shares of Gulfport Energy by 127.7% in the 3rd quarter. GAMMA Investing LLC now owns 435 shares of the company’s stock worth $65,000 after purchasing an additional 244 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Gulfport Energy by 555.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 177 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Congress Asset Management Co. increased its position in shares of Gulfport Energy by 21.7% during the 3rd quarter. Congress Asset Management Co. now owns 52,917 shares of the company’s stock worth $7,963,000 after purchasing an additional 9,429 shares in the last quarter. Tidal Investments LLC increased its position in shares of Gulfport Energy by 47.9% during the 2nd quarter. Tidal Investments LLC now owns 9,762 shares of the company’s stock worth $1,657,000 after purchasing an additional 3,160 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Gulfport Energy during the 2nd quarter valued at about $59,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation (NYSE: GPOR) is an independent exploration and production company focused on developing and producing natural gas, natural gas liquids and oil. Its activities include acquiring, exploring, drilling and operating oil and gas properties.

The company’s operations are concentrated in the Appalachian Basin, particularly the Utica and Marcellus shale plays in eastern Ohio. Gulfport sells the hydrocarbons produced from its wells into regional energy markets and relies on gathering and transportation infrastructure to move production to market.

Gulfport Energy traces its history to the late 1990s and has evolved from a broader domestic oil and gas producer into a company primarily focused on natural gas development in the eastern United States.