Gulfport Energy’s (GPOR) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Gulfport Energy (NYSE:GPOR) in a report issued on Tuesday, Marketbeat reports. The firm currently has a $194.00 price target on the stock, down from their prior price target of $240.00.

A number of other research firms have also issued reports on GPOR. 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 research note on Wednesday, August 5th. Zacks Research cut Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. UBS Group cut their target price on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings lowered Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $216.60.

Gulfport Energy Stock Up 0.2%

Gulfport Energy stock opened at $176.60 on Tuesday. Gulfport Energy has a 1-year low of $149.18 and a 1-year high of $225.78. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 7.06 and a beta of 0.43. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $165.95 and a 200 day simple moving average of $179.68.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $1.03. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. The business had revenue of $323.23 million for the quarter. On average, analysts predict that Gulfport Energy will post 22.25 earnings per share for the current year.

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, CEO Domenic Dell’osso, Jr. acquired 1,600 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the transaction, the chief executive officer owned 24,349 shares of the company’s stock, valued at approximately $3,910,692.89. This represents a 7.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction on Wednesday, September 2nd. The shares were 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 of the company’s stock, valued at $389,129.70. This represents a 13.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Gulfport Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Keybank National Association OH raised its holdings in Gulfport Energy by 1.2% during the 1st quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock valued at $1,244,000 after buying an additional 67 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in Gulfport Energy by 9.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock worth $160,000 after acquiring an additional 80 shares during the last quarter. Polymer Capital Management US LLC grew its holdings in Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after acquiring an additional 81 shares during the last quarter. Allworth Financial LP increased its position in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after acquiring an additional 85 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of Gulfport Energy by 3.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock valued at $615,000 after acquiring an additional 94 shares during the period.

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.