Gulfport Energy Corporation (NYSE:GPOR) Receives Average Recommendation of “Moderate Buy” from Analysts

Gulfport Energy Corporation (NYSE:GPOR) has received an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $230.8750.

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Mizuho upped their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wolfe Research downgraded shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday. Zacks Research lowered shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Finally, KeyCorp increased their target price on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $179.64 on Friday. The stock’s 50-day moving average is $206.02 and its two-hundred day moving average is $187.92. 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 1 year low of $153.27 and a 1 year high of $225.78. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -94.55 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last announced its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). The firm had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

Insider Buying and Selling

In other Gulfport Energy news, COO Matthew Rucker sold 10,732 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total value of $2,002,698.52. Following the transaction, the chief operating officer directly owned 12,893 shares in the company, valued at approximately $2,405,962.73. This trade represents a 45.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Silver Point Capital L.P. sold 45,546 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $219.56, for a total value of $10,000,079.76. Following the completion of the transaction, the director directly owned 3,449,885 shares in the company, valued at approximately $757,456,750.60. The trade was a 1.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 307,427 shares of company stock valued at $67,094,831 over the last 90 days. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy in the third quarter valued at about $28,000. Financial Consulate Inc. acquired a new stake in Gulfport Energy in the third quarter valued at about $31,000. Federated Hermes Inc. lifted its position in Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Gulfport Energy during the 2nd quarter worth approximately $85,000.

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.