Gulfport Energy (NYSE:GPOR) Price Target Raised to $237.00

Gulfport Energy (NYSE:GPOR) had its target price raised by Bank of America from $215.00 to $237.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. UBS Group upped their target price on Gulfport Energy from $264.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Mizuho lifted their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.78.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock opened at $205.10 on Thursday. The business has a 50-day simple moving average of $198.08 and a 200 day simple moving average of $195.07. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 10.09 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The firm had revenue of $398.19 million during the quarter, compared to the consensus estimate of $373.24 million.

Insider Activity at Gulfport Energy

In other news, CFO Michael L. Hodges sold 16,769 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $210.70, for a total value of $3,533,228.30. Following the completion of the transaction, the chief financial officer directly owned 18,473 shares of the company’s stock, valued at $3,892,261.10. This represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Michael Sluiter sold 9,933 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $210.00, for a total value of $2,085,930.00. Following the sale, the senior vice president directly owned 11,980 shares of the company’s stock, valued at $2,515,800. The trade was a 45.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 893,835 shares of company stock valued at $182,476,994 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy during the 3rd quarter valued at $28,000. Financial Consulate Inc. purchased a new position in shares of Gulfport Energy in the 3rd quarter worth about $31,000. Allworth Financial LP grew its position in Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares during the period. Federated Hermes Inc. grew its position 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 period. Finally, 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 worth $50,000 after buying 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.