Gulfport Energy Corporation (NYSE:GPOR) Receives $219.22 Average PT from Analysts

Shares of Gulfport Energy Corporation (NYSE:GPOR) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $217.50.

Several brokerages recently commented on GPOR. Stifel Nicolaus began coverage on shares of Gulfport Energy in a report on Wednesday, September 9th. They set a “hold” rating and a $193.00 target price for the company. Mizuho raised 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 research report on Wednesday, May 27th. Truist Financial reduced their target price on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $194.00 price objective (down from $240.00) on shares of Gulfport Energy in a research report on Tuesday, September 8th. Finally, Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th.

Gulfport Energy Stock Up 1.8%

Gulfport Energy stock opened at $176.09 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58. The company’s 50-day moving average is $166.39 and its 200-day moving average is $179.17. The firm has a market capitalization of $3.11 billion, a PE ratio of 7.04 and a beta of 0.43. Gulfport Energy has a fifty-two week low of $149.18 and a fifty-two week high of $225.78.

Gulfport Energy (NYSE:GPOR) last posted 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. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%.The business had revenue of $323.23 million during the quarter. Sell-side analysts anticipate that Gulfport Energy will post 22.25 earnings per share for the current year.

Insider Transactions at Gulfport Energy

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in shares of Gulfport Energy by 50.3% in the 1st quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock worth $32,201,000 after purchasing an additional 50,968 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Gulfport Energy in the 1st quarter valued at $1,844,000. Quantinno Capital Management LP increased its stake in Gulfport Energy by 698.0% during the 1st quarter. Quantinno Capital Management LP now owns 16,312 shares of the company’s stock valued at $3,451,000 after purchasing an additional 14,268 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Gulfport Energy by 4.2% during the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock worth $47,323,000 after buying an additional 9,095 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in Gulfport Energy by 18.3% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 191,991 shares of the company’s stock worth $39,932,000 after buying an additional 29,631 shares during the last quarter.

About Gulfport Energy

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport’s principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.