Gulfport Energy (NYSE:GPOR) Stock Gets Price Target Reduction from UBS Group

Gulfport Energy (NYSE:GPOR) had its price target trimmed by UBS Group from $218.00 to $217.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on GPOR. Weiss Ratings cut shares of Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Scotiabank started coverage on shares of Gulfport Energy in a research note on Wednesday, October 14th. They set a “sector outperform” rating and a $217.00 price objective for the company. Mizuho set a $237.00 price objective on shares of Gulfport Energy in a research report on Wednesday, October 7th. Truist Financial raised their target price on shares of Gulfport Energy from $186.00 to $192.00 and gave the company a “hold” rating in a research note on Friday, November 6th. Finally, 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 on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $208.38.

Gulfport Energy Stock Performance

NYSE GPOR opened at $163.41 on Tuesday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 6.28 and a beta of 0.57. Gulfport Energy has a 1-year low of $149.18 and a 1-year high of $225.78. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.79 and a quick ratio of 0.79. The business’s 50-day simple moving average is $163.48 and its 200-day simple moving average is $177.63.

Insider Transactions at Gulfport Energy

In related news, Director Timothy J. Cutt sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $158.98, for a total transaction of $397,450.00. Following the transaction, the director directly owned 27,013 shares of the company’s stock, valued at approximately $4,294,526.74. The trade was a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew Willrath sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the transaction, the chief accounting officer owned 2,130 shares of the company’s stock, valued at approximately $389,129.70. This represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of Gulfport Energy

A number of hedge funds have recently made changes to their positions in GPOR. First Trust Advisors LP lifted its position in shares of Gulfport Energy by 34.9% during the third quarter. First Trust Advisors LP now owns 138,878 shares of the company’s stock worth $20,898,000 after purchasing an additional 35,908 shares in the last quarter. GW&K Investment Management LLC grew its holdings in Gulfport Energy by 6.2% during the 3rd quarter. GW&K Investment Management LLC now owns 149,334 shares of the company’s stock valued at $22,472,000 after purchasing an additional 8,769 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Gulfport Energy by 4.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 61,830 shares of the company’s stock valued at $9,304,000 after purchasing an additional 2,397 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Gulfport Energy by 29.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 18,483 shares of the company’s stock valued at $2,781,000 after purchasing an additional 4,151 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Gulfport Energy by 95.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 97,626 shares of the company’s stock worth $14,691,000 after buying an additional 47,638 shares during the period.

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.