Gulfport Energy (NYSE:GPOR) Price Target Cut to $217.00 by Analysts at UBS Group

Gulfport Energy (NYSE:GPOR) had its price objective decreased by stock analysts at UBS Group from $218.00 to $217.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group‘s target price points to a potential upside of 34.15% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group downgraded Gulfport Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $239.00 to $180.00 in a research report on Friday, September 25th. Stifel Nicolaus started coverage on shares of Gulfport Energy in a research note on Wednesday, September 9th. They issued a “hold” rating and a $193.00 target price on the stock. Scotiabank assumed coverage on Gulfport Energy in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $217.00 target price for the company. Mizuho set a $237.00 price objective on shares of Gulfport Energy in a research note on Wednesday, October 7th. Finally, Pickering Energy Partners started coverage on shares of Gulfport Energy in a report on Tuesday, September 22nd. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $208.38.

Gulfport Energy Price Performance

Shares of GPOR stock traded up $6.26 on Tuesday, reaching $161.76. The company’s stock had a trading volume of 279,879 shares, compared to its average volume of 341,644. Gulfport Energy has a 1 year low of $149.18 and a 1 year high of $225.78. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 6.22 and a beta of 0.57. The stock’s fifty day simple moving average is $164.57 and its 200-day simple moving average is $178.11. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51.

Insiders Place Their Bets

In related news, Director Timothy J. Cutt sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $158.98, for a total transaction of $397,450.00. Following the completion of the transaction, the director owned 27,013 shares of the company’s stock, valued at $4,294,526.74. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew Willrath sold 325 shares of the stock in a transaction dated 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 directly owned 2,130 shares in the company, valued at $389,129.70. This represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board boosted its position in Gulfport Energy by 95.3% during the third quarter. Public Sector Pension Investment Board now owns 97,626 shares of the company’s stock worth $14,691,000 after purchasing an additional 47,638 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Gulfport Energy during the third quarter valued at approximately $527,000. HighTower Advisors LLC purchased a new position in shares of Gulfport Energy in the third quarter valued at approximately $374,000. Carlson Capital L.P. purchased a new position in Gulfport Energy in the 3rd quarter valued at $4,795,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Gulfport Energy during the third quarter worth $112,000.

About Gulfport Energy

Gulfport Energy Corporation is an independent exploration and production company focused on finding and developing oil and natural gas resources. Its operations are concentrated in the Utica Shale in Ohio and the SCOOP resource area in Oklahoma. The company produces natural gas, natural gas liquids and crude oil. Gulfport emerged from a Chapter 11 restructuring in 2021 and is headquartered in Oklahoma City.