Gulfport Energy (NYSE:GPOR) Reaches New 1-Year Low – What’s Next?

Gulfport Energy Corporation (NYSE:GPOR) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $160.00 and last traded at $164.8710, with a volume of 5435 shares changing hands. The stock had previously closed at $166.41.

Wall Street Analyst Weigh In

GPOR has been the topic of several recent analyst reports. 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. JPMorgan Chase & Co. upped their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. Finally, Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gulfport Energy currently has a consensus rating of “Moderate Buy” and an average target price of $230.22.

Gulfport Energy Trading Down 1.4%

The company’s fifty day moving average is $183.89 and its two-hundred day moving average is $195.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 5.62 and a beta of 0.41.

Insider Activity at Gulfport Energy

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

Institutional Investors Weigh In On Gulfport Energy

A number of institutional investors have recently added to or reduced their stakes in GPOR. Advisory Services Network LLC acquired a new stake in Gulfport Energy during the 3rd quarter worth $28,000. Allworth Financial LP boosted its stake in Gulfport Energy by 113.3% during the 4th 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. EverSource Wealth Advisors LLC boosted its stake in Gulfport Energy by 364.8% during 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. Kestra Advisory Services LLC acquired a new stake in Gulfport Energy during the 4th quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after purchasing an additional 364 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.