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

Shares of Gulfport Energy Corporation (NYSE:GPOR) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $226.6667.

Several research firms have recently weighed in on GPOR. Mizuho boosted their price target on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Wolfe Research downgraded shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday.

Insider Buying and Selling

In related news, SVP Michael Sluiter sold 9,933 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $210.00, for a total value of $2,085,930.00. Following the completion of the sale, the senior vice president directly owned 11,980 shares in the company, valued at $2,515,800. This represents a 45.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Lester Zitkus sold 4,745 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $185.69, for a total value of $881,099.05. Following the transaction, the senior vice president directly owned 7,821 shares of the company’s stock, valued at approximately $1,452,281.49. This represents a 37.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 893,835 shares of company stock valued at $182,476,994 over the last quarter. 0.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gulfport Energy

A number of hedge funds have recently made changes to their positions in GPOR. Coastal Bridge Advisors LLC bought a new stake in Gulfport Energy in the third quarter valued at approximately $1,837,000. Victory Capital Management Inc. raised its holdings in Gulfport Energy by 67.9% during the 3rd quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after purchasing an additional 142,002 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Gulfport Energy by 29.0% in the 3rd quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after purchasing an additional 10,786 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Gulfport Energy in the 2nd quarter worth approximately $1,367,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Gulfport Energy in the 3rd quarter valued at $13,418,000.

Gulfport Energy Trading Down 0.1%

NYSE GPOR opened at $199.66 on Wednesday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 9.82 and a beta of 0.61. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average is $196.73 and its 200 day moving average is $194.63.

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

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.