Gulfport Energy (NYSE:GPOR) Reaches New 1-Year Low – What’s Next?

Gulfport Energy Corporation (NYSE:GPOR) reached a new 52-week low during trading on Monday . The company traded as low as $160.00 and last traded at $164.8710, with a volume of 5435 shares. The stock had previously closed at $166.41.

Analysts Set New Price Targets

A number of analysts recently weighed in on GPOR shares. Truist Financial lowered their price objective on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a research note on Friday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Bank of America upped their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gulfport Energy currently has an average rating of “Moderate Buy” and an average price target of $230.22.

Gulfport Energy Trading Down 1.4%

The stock’s 50 day moving average is $183.89 and its two-hundred day moving average is $195.72. The company has a market capitalization of $2.95 billion, a PE ratio of 5.62 and a beta of 0.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of Gulfport Energy

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Gulfport Energy by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after buying an additional 68,664 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Gulfport Energy by 14.2% during the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after buying an additional 83,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gulfport Energy by 5.8% during the first 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 during the last quarter. Victory Capital Management Inc. lifted its position in shares of Gulfport Energy by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after buying an additional 176,386 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after acquiring an additional 8,668 shares in the last quarter.

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.