Gulfport Energy Corporation (NYSE:GPOR) Receives $230.22 Average PT from Brokerages

Shares of Gulfport Energy Corporation (NYSE:GPOR) have earned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $230.2222.

A number of equities research analysts have commented on the stock. Truist Financial decreased their target price on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th.

Insider Activity

In other news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the sale, the director owned 3,888 shares in the company, valued at $829,699.20. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gulfport Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in Gulfport Energy in the third quarter worth $28,000. Allworth Financial LP increased its position in Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after purchasing an additional 85 shares during the last quarter. Federated Hermes Inc. increased its position in Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Gulfport Energy by 364.8% in the second 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, Kestra Advisory Services LLC bought a new stake in Gulfport Energy in the fourth quarter worth $54,000.

Gulfport Energy Price Performance

NYSE GPOR opened at $168.27 on Monday. Gulfport Energy has a 12 month low of $160.95 and a 12 month high of $225.78. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 5.75 and a beta of 0.41. The company’s 50 day moving average is $188.62 and its two-hundred day moving average is $197.20. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46.

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.