Analysts Set Gulfport Energy Corporation (NYSE:GPOR) Target Price at $230.88

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $227.20.

GPOR has been the subject of several research analyst reports. UBS Group lifted their price objective on Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Wolfe Research cut shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Evercore lifted their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Finally, TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $200.30 on Friday. The firm has a market cap of $3.87 billion, a P/E ratio of 9.85 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 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $197.11 and a 200 day moving average of $191.12.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a return on equity of 22.10% and a net margin of 30.01%.The business had revenue of $398.19 million during the quarter, compared to the consensus estimate of $373.24 million.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Timothy J. Cutt sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total value of $536,850.00. Following the transaction, the director directly owned 31,255 shares of the company’s stock, valued at approximately $6,711,698.70. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Silver Point Capital L.P. sold 244,489 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $219.56, for a total transaction of $53,680,004.84. Following the sale, the director directly owned 3,495,431 shares of the company’s stock, valued at $767,456,830.36. The trade was a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 308,012 shares of company stock worth $67,100,732 in the last ninety days. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Global Alpha Capital Management Ltd. increased its position in Gulfport Energy by 4.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock worth $32,823,000 after buying an additional 7,000 shares in the last quarter. Coastal Bridge Advisors LLC bought a new position in shares of Gulfport Energy during the 3rd quarter valued at approximately $1,837,000. Stephens Investment Management Group LLC increased its holdings in 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 acquiring an additional 10,786 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Gulfport Energy during the 3rd quarter worth approximately $13,418,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Gulfport Energy by 45.5% during the third quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock valued at $11,261,000 after purchasing an additional 19,458 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.