Gulfport Energy Corporation (NYSE:GPOR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $219.2222.

GPOR has been the subject of several recent analyst reports. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Weiss Ratings cut Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Truist Financial decreased their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. Finally, UBS Group lowered their price objective on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th.

Gulfport Energy Price Performance

NYSE:GPOR opened at $179.69 on Wednesday. Gulfport Energy has a 12-month low of $149.18 and a 12-month high of $225.78. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 7.19 and a beta of 0.43. The company’s 50-day moving average is $165.58 and its two-hundred day moving average is $180.06. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51.

Gulfport Energy (NYSE:GPOR) last issued 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. The business 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%. Research analysts expect that Gulfport Energy will post 22.25 EPS for the current year.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, CEO Domenic Dell’osso, Jr. purchased 1,600 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $160.61 per share, with a total value of $256,976.00. Following the purchase, the chief executive officer owned 24,349 shares in the company, valued at approximately $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the sale, the chief accounting officer owned 2,130 shares of the company’s stock, valued at $389,129.70. This trade represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System increased its position in Gulfport Energy by 16,390.6% during the second quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company’s stock worth $526,026,000 after purchasing an additional 3,080,943 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 34,486 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Gulfport Energy by 50.3% in the 4th 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 during the last quarter. State Street Corp boosted its holdings in shares of Gulfport Energy by 1.8% in the 2nd 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 during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Gulfport Energy by 4,946.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after buying an additional 458,156 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.