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

Gulfport Energy Corporation (NYSE:GPOR) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $230.2222.

Several research analysts have recently commented on the company. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Truist Financial cut their target price on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price target 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. UBS Group cut their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Finally, Bank of America increased their target price on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th.

Gulfport Energy Trading Down 1.1%

Shares of GPOR stock opened at $159.21 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s fifty day moving average is $176.48 and its two-hundred day moving average is $192.18. Gulfport Energy has a fifty-two week low of $158.91 and a fifty-two week high of $225.78. The firm has a market capitalization of $2.86 billion, a P/E ratio of 5.44 and a beta of 0.41.

Insider Activity

In related news, Director Jason Joseph Martinez sold 400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the transaction, the director owned 3,888 shares of the company’s stock, valued at $829,699.20. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Several institutional investors have recently modified their holdings of GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Gulfport Energy by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock valued at $1,391,000 after buying an additional 181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Gulfport Energy by 14.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock valued at $17,631,000 after purchasing an additional 12,327 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Gulfport Energy by 11.6% in the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock valued at $1,178,000 after purchasing an additional 665 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Gulfport Energy by 16.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock valued at $308,000 after purchasing an additional 219 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in Gulfport Energy in the 2nd quarter valued at about $400,000.

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.