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

Gulfport Energy Corporation (NYSE:GPOR) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $230.2222.

Several research analysts recently commented on GPOR shares. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial reduced their target price on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Bank of America raised their target price on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. raised their target price on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Finally, UBS Group reduced their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th.

Insider Buying and Selling at Gulfport Energy

In related news, Director Silver Point Capital L.P. sold 84,416 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total value of $17,239,435.52. Following the completion of the transaction, the director directly owned 2,605,729 shares of the company’s stock, valued at $532,141,976.38. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason Joseph Martinez sold 400 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the transaction, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Keybank National Association OH raised its stake in Gulfport Energy by 1.2% during the first quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock worth $1,244,000 after acquiring an additional 67 shares in the last quarter. Polymer Capital Management US LLC raised its stake in Gulfport Energy by 3.8% during the third quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after acquiring an additional 81 shares in the last quarter. Allworth Financial LP raised its stake in Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after acquiring an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Gulfport Energy by 3.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after acquiring an additional 94 shares in the last quarter. Finally, King Luther Capital Management Corp raised its stake in Gulfport Energy by 0.4% during the fourth quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock worth $4,895,000 after acquiring an additional 102 shares in the last quarter.

Gulfport Energy Stock Up 0.4%

Shares of GPOR stock opened at $169.35 on Monday. The stock has a market cap of $3.04 billion, a P/E ratio of 5.79 and a beta of 0.41. Gulfport Energy has a one year low of $160.95 and a one year high of $225.78. The stock has a fifty day moving average price of $192.51 and a 200 day moving average price of $198.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56.

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.