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

Shares of Gulfport Energy Corporation (NYSE:GPOR) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $227.00.

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

Gulfport Energy Trading Down 1.9%

Shares of Gulfport Energy stock opened at $154.34 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. Gulfport Energy has a 52 week low of $149.18 and a 52 week high of $225.78. The stock has a 50 day moving average price of $164.55 and a two-hundred day moving average price of $185.18. The stock has a market capitalization of $2.77 billion, a PE ratio of 5.27 and a beta of 0.41.

Institutional Investors Weigh In On Gulfport Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in shares of Gulfport Energy in the 3rd quarter worth $28,000. Allworth Financial LP lifted its position in shares of Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Gulfport Energy during the fourth quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Gulfport Energy by 866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after purchasing an additional 364 shares in the last quarter.

About Gulfport Energy

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.