Gulfport Energy (NYSE:GPOR) Hits New 52-Week Low – Time to Sell?

Gulfport Energy Corporation (NYSE:GPOR)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $149.60 and last traded at $153.1890, with a volume of 299274 shares. The stock had previously closed at $151.49.

Analyst Ratings Changes

Several brokerages recently weighed in on GPOR. UBS Group cut their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Truist Financial lowered their target price on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a report on Friday, July 10th. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Monday. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. Finally, Bank of America raised their price target on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $227.00.

Gulfport Energy Price Performance

The company has a 50 day moving average of $168.67 and a 200 day moving average of $187.94. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 5.23 and a beta of 0.41.

Institutional Investors Weigh In On Gulfport Energy

A number of hedge funds have recently modified their holdings of GPOR. Allspring Global Investments Holdings LLC bought a new position in shares of Gulfport Energy during the fourth quarter worth about $2,478,000. IFP Advisors Inc lifted its stake in Gulfport Energy by 20,951.9% in the 3rd quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock valued at $1,981,000 after acquiring an additional 10,895 shares in the last quarter. SG Americas Securities LLC lifted its stake in Gulfport Energy by 93.0% in the 4th quarter. SG Americas Securities LLC now owns 11,822 shares of the company’s stock valued at $2,459,000 after acquiring an additional 5,698 shares in the last quarter. Goldentree Asset Management LP acquired a new position in Gulfport Energy during the 3rd quarter worth approximately $44,665,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Gulfport Energy by 7.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 108,889 shares of the company’s stock worth $22,648,000 after acquiring an additional 7,962 shares during the last quarter.

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.