Gulfport Energy (NYSE:GPOR) Hits New 52-Week High – Here’s What Happened

Gulfport Energy Corporation (NYSE:GPOR)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $225.78 and last traded at $221.47, with a volume of 201657 shares traded. The stock had previously closed at $222.49.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GPOR shares. Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday. William Blair assumed coverage on Gulfport Energy in a research note on Monday, August 25th. They set an “outperform” rating for the company. KeyCorp lifted their price target on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Mizuho reduced their price objective on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Finally, Wall Street Zen raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $221.25.

Gulfport Energy Stock Up 2.3%

The stock has a market cap of $4.20 billion, a PE ratio of -114.47 and a beta of 0.60. The business has a 50 day simple moving average of $195.16. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The business had revenue of $379.75 million for the quarter, compared to analyst estimates of $343.18 million.

Insider Buying and Selling at Gulfport Energy

In related news, Director Timothy J. Cutt sold 2,635 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $210.45, for a total value of $554,535.75. Following the sale, the director owned 35,473 shares of the company’s stock, valued at approximately $7,465,292.85. This trade represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jason Joseph Martinez sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total value of $102,942.00. Following the transaction, the director owned 4,288 shares of the company’s stock, valued at $735,692.16. This represents a 12.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 294,795 shares of company stock worth $64,658,224. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in shares of Gulfport Energy during the third quarter valued at $28,000. Financial Consulate Inc. bought a new stake in Gulfport Energy in the 3rd quarter valued at about $31,000. Federated Hermes Inc. boosted its stake in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC grew its position in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Gulfport Energy in the second quarter valued at approximately $85,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.