Analysts Set Gulfport Energy Corporation (NYSE:GPOR) Price Target at $231.33

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $230.1111.

Several equities analysts have recently weighed in on GPOR shares. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Bank of America upped their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th.

Insider Buying and Selling at Gulfport Energy

In related news, SVP Michael Sluiter sold 9,933 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the sale, the senior vice president owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. This represents a 45.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Cutt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the sale, the director directly owned 26,255 shares in the company, valued at $5,480,206.15. This trade represents a 16.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 876,258 shares of company stock worth $179,141,707 in the last ninety days. Insiders own 0.70% of the company’s stock.

Institutional Trading of Gulfport Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Gulfport Energy during the fourth quarter valued at approximately $2,478,000. IFP Advisors Inc lifted its position in Gulfport Energy by 20,951.9% during the third quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock valued at $1,981,000 after purchasing an additional 10,895 shares during the last quarter. Victory Capital Management Inc. lifted its position in Gulfport Energy by 67.9% during the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock valued at $63,525,000 after purchasing an additional 142,002 shares during the last quarter. Coastal Bridge Advisors LLC bought a new stake in Gulfport Energy during the third quarter valued at approximately $1,837,000. Finally, Lighthouse Investment Partners LLC bought a new stake in Gulfport Energy during the third quarter valued at approximately $13,574,000.

Gulfport Energy Price Performance

GPOR opened at $179.03 on Thursday. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 0.88 and a beta of 0.46. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $198.02 and a 200-day moving average price of $199.82. Gulfport Energy has a twelve month low of $160.95 and a twelve month high of $225.78.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate of $5.61 by ($0.01). The business had revenue of $398.19 million during the quarter, compared to analysts’ expectations of $373.24 million. Gulfport Energy had a return on equity of 23.51% and a net margin of 35.72%. Equities analysts expect that Gulfport Energy will post 24.31 EPS for the current year.

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.