Gulfport Energy Corporation (GPOR) – What Are Researchers Thinking About This Stock?

Gulfport Energy Corporation (NYSE:GPOR) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $210.20.

Several brokerages have issued reports on GPOR. Pickering Energy Partners began coverage on Gulfport Energy in a research note on Tuesday, September 22nd. They issued an “outperform” rating on the stock. Truist Financial dropped their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Scotiabank began coverage on Gulfport Energy in a report on Wednesday, October 14th. They set a “sector outperform” rating and a $217.00 target price for the company. Finally, Weiss Ratings cut Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st.

Gulfport Energy Trading Down 4.9%

Shares of GPOR stock opened at $158.42 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.80 billion, a P/E ratio of 8.43 and a beta of 0.57. The company has a 50 day moving average of $165.87 and a 200-day moving average of $178.61. Gulfport Energy has a 12-month low of $149.18 and a 12-month high of $225.78.

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, beating the consensus estimate of $3.82 by $1.03. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. The business had revenue of $323.23 million during the quarter. Sell-side analysts anticipate that Gulfport Energy will post 22.01 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GPOR. Renaissance Technologies LLC increased its position in shares of Gulfport Energy by 582.6% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock worth $29,027,000 after purchasing an additional 117,100 shares during the last quarter. Bank of America Corp DE lifted its position in Gulfport Energy by 50.3% during the first quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after purchasing an additional 50,968 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Gulfport Energy by 12.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 398,931 shares of the company’s stock valued at $84,402,000 after purchasing an additional 45,682 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Gulfport Energy by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock worth $133,317,000 after buying an additional 34,486 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Gulfport Energy by 74.2% in the 1st quarter. First Trust Advisors LP now owns 78,951 shares of the company’s stock worth $16,704,000 after buying an additional 33,618 shares in the last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent exploration and production company focused on developing natural gas and associated natural gas liquids. The company’s operations are concentrated primarily in the Utica Shale in eastern Ohio, where it drills, completes and produces unconventional oil and gas wells.

Gulfport’s product mix includes natural gas, natural gas liquids and condensate. Its activities include leasing and managing mineral acreage, operating horizontal wells and coordinating gathering, processing and transportation arrangements needed to deliver production to market.

Founded in 1997, Gulfport historically operated in several U.S.