Gulfport Energy (NYSE:GPOR) Stock Price Expected to Rise, Truist Financial Analyst Says

Gulfport Energy (NYSE:GPOR) had its price objective increased by equities research analysts at Truist Financial from $186.00 to $192.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial‘s target price suggests a potential upside of 25.12% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Mizuho set a $237.00 price objective on Gulfport Energy in a research report on Wednesday, October 7th. UBS Group dropped their target price on shares of Gulfport Energy from $223.00 to $218.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. Stifel Nicolaus began coverage on shares of Gulfport Energy in a research note on Wednesday, September 9th. They issued a “hold” rating and a $193.00 price target on the stock. JPMorgan Chase & Co. cut shares of Gulfport Energy from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $240.00 to $194.00 in a report on Tuesday, September 8th. Finally, Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.80.

Gulfport Energy Trading Down 1.0%

NYSE:GPOR traded down $1.63 on Friday, reaching $153.45. The company’s stock had a trading volume of 71,359 shares, compared to its average volume of 340,939. Gulfport Energy has a 1-year low of $149.18 and a 1-year high of $225.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $2.71 billion, a PE ratio of 5.89 and a beta of 0.57. The business’s 50-day moving average price is $165.51 and its two-hundred day moving average price is $178.50.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings results on Monday, August 3rd. The company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $1.03. Gulfport Energy had a return on equity of 22.39% and a net margin of 31.66%. The company had revenue of $323.23 million for the quarter. Equities research analysts anticipate that Gulfport Energy will post 22.01 earnings per share for the current fiscal year.

Insider Transactions at Gulfport Energy

In related news, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the sale, the chief accounting officer owned 2,130 shares of the company’s stock, valued at approximately $389,129.70. This trade represents a 13.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy J. Cutt sold 2,500 shares of Gulfport Energy stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $158.98, for a total value of $397,450.00. Following the completion of the sale, the director directly owned 27,013 shares in the company, valued at approximately $4,294,526.74. This represents a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Gulfport Energy by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after purchasing an additional 34,486 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Gulfport Energy by 12.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 398,931 shares of the company’s stock worth $84,402,000 after purchasing an additional 45,682 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Gulfport Energy by 4.2% during the first 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 during the last quarter. Bank of America Corp DE grew its position in Gulfport Energy by 50.3% in the first 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 in the last quarter. Finally, Renaissance Technologies LLC grew its position in Gulfport Energy by 582.6% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $29,027,000 after purchasing an additional 117,100 shares in the last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent exploration and production company focused on developing natural gas and associated natural gas liquids. The company’s operations are concentrated primarily in the Utica Shale in eastern Ohio, where it drills, completes and produces unconventional oil and gas wells.

Gulfport’s product mix includes natural gas, natural gas liquids and condensate. Its activities include leasing and managing mineral acreage, operating horizontal wells and coordinating gathering, processing and transportation arrangements needed to deliver production to market.

Founded in 1997, Gulfport historically operated in several U.S.