Gulfport Energy (NYSE:GPOR) Now Covered by Analysts at Pickering Energy Partners

Research analysts at Pickering Energy Partners initiated coverage on shares of Gulfport Energy (NYSE:GPOR) in a report released on Tuesday, Briefing.com reports. The brokerage set an “outperform” rating on the stock.

GPOR has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $194.00 price target (down from $240.00) on shares of Gulfport Energy in a report on Tuesday, September 8th. UBS Group restated a “buy” rating and issued a $223.00 target price on shares of Gulfport Energy in a research report on Monday, September 14th. Weiss Ratings cut Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, Truist Financial cut their price target on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gulfport Energy presently has a consensus rating of “Hold” and a consensus price target of $217.50.

Gulfport Energy Trading Down 2.2%

Shares of GPOR stock opened at $156.21 on Tuesday. Gulfport Energy has a fifty-two week low of $149.18 and a fifty-two week high of $225.78. The stock’s fifty day moving average price is $166.59 and its two-hundred day moving average price is $177.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $2.76 billion, a PE ratio of 6.25 and a beta of 0.43.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $3.82 by $1.03. The business had revenue of $323.23 million during the quarter. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. Equities analysts predict that Gulfport Energy will post 22.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total transaction of $59,374.25. Following the completion of the transaction, the chief accounting officer owned 2,130 shares of the company’s stock, valued at $389,129.70. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Domenic J. Dell’osso, Jr. bought 1,600 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the acquisition, the chief executive officer owned 24,349 shares of the company’s stock, valued at $3,910,692.89. This trade represents a 7.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Tidal Investments LLC increased its holdings in Gulfport Energy by 47.9% in the second quarter. Tidal Investments LLC now owns 9,762 shares of the company’s stock worth $1,657,000 after purchasing an additional 3,160 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Gulfport Energy during the 2nd quarter worth approximately $59,000. Allworth Financial LP grew its position in shares of Gulfport Energy by 159.3% during the 2nd quarter. Allworth Financial LP now owns 350 shares of the company’s stock worth $59,000 after buying an additional 215 shares during the period. AlphaGrep UK Ltd bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at $233,000. Finally, AXQ Capital LP bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at $325,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport’s principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.