Gulfport Energy Corporation (NYSE:GPOR) Receives $230.88 Average Target Price from Analysts

Gulfport Energy Corporation (NYSE:GPOR) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $227.20.

GPOR has been the subject of a number of research analyst reports. Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. KeyCorp upped their price target on shares of Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a report on Sunday, January 25th.

Gulfport Energy Price Performance

NYSE:GPOR opened at $197.75 on Friday. Gulfport Energy has a 12-month low of $153.27 and a 12-month high of $225.78. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -104.08 and a beta of 0.61. The stock’s 50 day moving average price is $197.20 and its two-hundred day moving average price is $190.85. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39.

Insider Buying and Selling

In related news, COO Matthew Rucker sold 10,732 shares of the firm’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 transaction, the chief operating officer owned 12,893 shares in the company, valued at approximately $2,405,962.73. This trade represents a 45.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $10,000,079.76. Following the completion of the transaction, the director owned 3,449,885 shares of the company’s stock, valued at $757,456,750.60. The trade was a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 308,012 shares of company stock valued at $67,100,732. 0.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Gulfport Energy

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Gulfport Energy during the third quarter worth about $28,000. Financial Consulate Inc. acquired a new stake in Gulfport Energy during the 3rd quarter valued at approximately $31,000. Allworth Financial LP raised its holdings 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. Federated Hermes Inc. lifted its position in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of 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 during the last quarter.

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.