Gulfport Energy (NYSE:GPOR) Price Target Raised to $251.00

Gulfport Energy (NYSE:GPOR) had its price target hoisted by Mizuho from $248.00 to $251.00 in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently commented on GPOR. UBS Group dropped their price objective on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Truist Financial started coverage on Gulfport Energy in a research report on Tuesday, March 24th. They set a “hold” rating and a $230.00 price objective for the company. Finally, Bank of America lifted their price objective on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and an average target price of $230.11.

Gulfport Energy Stock Down 0.2%

Gulfport Energy stock opened at $178.53 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.68 and a current ratio of 0.56. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 0.88 and a beta of 0.46. Gulfport Energy has a fifty-two week low of $160.95 and a fifty-two week high of $225.78. The stock’s fifty day moving average is $200.06 and its two-hundred day moving average is $199.94.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate 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 net margin of 35.72% and a return on equity of 23.51%. Analysts predict that Gulfport Energy will post 24.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Gulfport Energy news, SVP Michael Sluiter sold 9,933 shares of Gulfport Energy stock in a transaction dated 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 owned 11,980 shares in the company, valued at $2,515,800. The trade was a 45.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Silver Point Capital L.P. sold 84,416 shares of Gulfport Energy stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $204.22, for a total value of $17,239,435.52. Following the completion of the sale, the director owned 2,605,729 shares of the company’s stock, valued at $532,141,976.38. This trade represents a 3.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 876,258 shares of company stock worth $179,141,707 over the last ninety days. Insiders own 0.70% of the company’s stock.

Institutional Trading of Gulfport Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Assenagon Asset Management S.A. grew its holdings in Gulfport Energy by 4,946.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after buying an additional 458,156 shares during the period. Millennium Management LLC grew its holdings in Gulfport Energy by 1,281.6% in the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after buying an additional 395,197 shares during the period. Goldentree Asset Management LP purchased a new stake in Gulfport Energy in the 3rd quarter valued at about $44,665,000. Ninepoint Partners LP purchased a new stake in Gulfport Energy in the 4th quarter valued at about $41,598,000. Finally, Victory Capital Management Inc. grew its holdings in Gulfport Energy by 50.3% in the 4th 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 period.

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.