Gulfport Energy Corporation (NYSE:GPOR) Stock Has Consensus Price Target of $210.50

Gulfport Energy Corporation (NYSE:GPOR) has received an average recommendation of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $210.00.

Several research analysts have recently weighed in on GPOR shares. Pickering Energy Partners began coverage on Gulfport Energy in a research note on Tuesday, September 22nd. They set an “outperform” rating for the company. Weiss Ratings cut Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Jefferies Financial Group downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $239.00 to $180.00 in a report on Friday, September 25th. UBS Group cut their target price on shares of Gulfport Energy from $223.00 to $218.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Truist Financial reduced their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th.

Insider Activity at Gulfport Energy

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

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds have recently made changes to their positions in GPOR. Dimensional Fund Advisors LP grew its holdings in Gulfport Energy by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after buying an additional 34,486 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Gulfport Energy by 4,946.1% during the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after buying an additional 458,156 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Gulfport Energy by 12.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 398,931 shares of the company’s stock worth $84,402,000 after buying an additional 45,682 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gulfport Energy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 367,429 shares of the company’s stock worth $76,439,000 after buying an additional 3,853 shares in the last quarter. Finally, Gemsstock Ltd. lifted its holdings in shares of Gulfport Energy by 79.3% in the fourth quarter. Gemsstock Ltd. now owns 337,349 shares of the company’s stock worth $70,165,000 after buying an additional 149,175 shares in the last quarter.

Gulfport Energy Price Performance

Gulfport Energy stock opened at $160.93 on Friday. The business’s 50 day simple moving average is $167.01 and its 200 day simple moving average is $174.40. Gulfport Energy has a 12 month low of $149.18 and a 12 month high of $225.78. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 6.44 and a beta of 0.56. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts forecast that Gulfport Energy will post 22.4 EPS for the current year.

Gulfport Energy Company Profile

Gulfport Energy Corporation (NYSE: GPOR) is an independent exploration and production company focused on developing and producing natural gas, natural gas liquids and oil. Its activities include acquiring, exploring, drilling and operating oil and gas properties.

The company’s operations are concentrated in the Appalachian Basin, particularly the Utica and Marcellus shale plays in eastern Ohio. Gulfport sells the hydrocarbons produced from its wells into regional energy markets and relies on gathering and transportation infrastructure to move production to market.

Gulfport Energy traces its history to the late 1990s and has evolved from a broader domestic oil and gas producer into a company primarily focused on natural gas development in the eastern United States.