Brokerages Set Gulfport Energy Corporation (NYSE:GPOR) PT at $230.88

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $230.8750.

A number of brokerages have issued reports on GPOR. Evercore ISI increased their price objective on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. Wolfe Research downgraded shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. Mizuho lifted their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. KeyCorp boosted their target price on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Roth Mkm started coverage on Gulfport Energy in a research report on Monday, October 13th. They set a “neutral” rating and a $200.00 target price for the company.

Insider Buying and Selling at Gulfport Energy

In other news, Director Timothy J. Cutt sold 2,500 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total value of $536,850.00. Following the completion of the transaction, the director directly owned 31,255 shares of the company’s stock, valued at approximately $6,711,698.70. The trade was a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Matthew Rucker sold 10,732 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the sale, the chief operating officer directly owned 12,893 shares of the company’s stock, valued at approximately $2,405,962.73. The trade was a 45.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 312,172 shares of company stock worth $67,975,930 over the last quarter. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

A number of large investors have recently made changes to their positions in GPOR. Global Alpha Capital Management Ltd. grew its stake in Gulfport Energy by 4.5% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock valued at $32,823,000 after purchasing an additional 7,000 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Gulfport Energy by 29.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after acquiring an additional 10,786 shares in the last quarter. Coastal Bridge Advisors LLC purchased a new position in Gulfport Energy during the third quarter worth approximately $1,837,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Gulfport Energy in the 2nd quarter valued at $557,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Gulfport Energy by 45.5% in the third quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock valued at $11,261,000 after purchasing an additional 19,458 shares during the period.

Gulfport Energy Price Performance

Shares of Gulfport Energy stock opened at $204.65 on Tuesday. The stock’s fifty day moving average is $200.76 and its 200 day moving average is $187.54. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78. The stock has a market cap of $3.95 billion, a P/E ratio of -107.71 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last released 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). The firm had revenue of $379.75 million for the quarter, compared to analysts’ expectations of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

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.