Gulfport Energy (NYSE:GPOR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Gulfport Energy (NYSE:GPOR) from a hold rating to a buy rating in a research note issued to investors on Sunday.

A number of other equities research analysts have also recently weighed in on GPOR. Wolfe Research cut shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. Evercore ISI boosted their price target on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Monday, December 29th. KeyCorp raised their price objective 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, UBS Group lifted their price objective on Gulfport Energy from $227.00 to $264.00 and gave the company a “buy” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Gulfport Energy presently has an average rating of “Moderate Buy” and a consensus price target of $230.88.

Gulfport Energy Price Performance

Shares of GPOR stock opened at $194.02 on Friday. The business’s fifty day moving average is $201.73 and its 200 day moving average is $187.07. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -102.12 and a beta of 0.61. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78.

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

Insiders Place Their Bets

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 244,489 shares of Gulfport Energy stock in a transaction on Monday, December 1st. The stock was sold at an average price of $219.56, for a total value of $53,680,004.84. Following the completion of the sale, the director owned 3,495,431 shares of the company’s stock, valued at approximately $767,456,830.36. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew Rucker sold 10,732 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 12,893 shares of the company’s stock, valued at $2,405,962.73. This represents a 45.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 312,172 shares of company stock worth $67,975,930 in the last three months. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GPOR. Advisory Services Network LLC bought a new stake in shares of Gulfport Energy during the 3rd quarter valued at about $28,000. Financial Consulate Inc. bought a new stake in Gulfport Energy during the third quarter valued at approximately $31,000. Federated Hermes Inc. increased its holdings in Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after buying an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter. Finally, Assetmark Inc. raised its position in Gulfport Energy by 50.5% in the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after acquiring an additional 168 shares during the period.

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.