Gulfport Energy Corporation (NYSE:GPOR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gulfport Energy Corporation (NYSE:GPOR) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $223.1111.

A number of research analysts have weighed in on GPOR shares. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial lowered their price target on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. UBS Group dropped their price objective on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Zacks Research cut Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Weiss Ratings downgraded Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th.

Gulfport Energy Price Performance

NYSE GPOR opened at $170.69 on Friday. Gulfport Energy has a 1 year low of $149.18 and a 1 year high of $225.78. The company has a fifty day simple moving average of $161.28 and a 200 day simple moving average of $183.14. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.02 billion, a P/E ratio of 6.83 and a beta of 0.41.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, CEO Domenic J. Dell’osso, Jr. purchased 1,600 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the acquisition, the chief executive officer directly owned 24,349 shares in the company, valued at $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Keybank National Association OH raised its stake in Gulfport Energy by 1.2% during the 1st quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock valued at $1,244,000 after purchasing an additional 67 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Gulfport Energy by 9.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock valued at $160,000 after purchasing an additional 80 shares during the period. Polymer Capital Management US LLC grew its position in Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after purchasing an additional 81 shares during the last quarter. Allworth Financial LP grew its position in Gulfport Energy by 113.3% in 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. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Gulfport Energy by 3.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after purchasing an additional 94 shares during the period.

Gulfport Energy Company Profile

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.