Gulfport Energy (NYSE:GPOR) Reaches New 52-Week Low – Time to Sell?

Shares of Gulfport Energy Corporation (NYSE:GPOR) hit a new 52-week low on Thursday . The company traded as low as $149.60 and last traded at $153.1890, with a volume of 299274 shares. The stock had previously closed at $151.49.

Wall Street Analyst Weigh In

GPOR has been the subject of a number of recent analyst reports. UBS Group reduced their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Weiss Ratings cut shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Truist Financial decreased their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $227.00.

Gulfport Energy Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $2.75 billion, a PE ratio of 5.23 and a beta of 0.41. The stock has a 50-day simple moving average of $167.66 and a 200 day simple moving average of $187.31.

Institutional Trading of Gulfport Energy

Several large investors have recently modified their holdings of the business. Central Pacific Bank Trust Division increased its stake in shares of Gulfport Energy by 9.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock worth $160,000 after purchasing an additional 80 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Gulfport Energy in the 1st quarter valued at approximately $362,000. Bank of America Corp DE grew its holdings in Gulfport Energy by 50.3% during the 1st quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after buying an additional 50,968 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Gulfport Energy by 4.2% during the 1st quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock valued at $47,323,000 after buying an additional 9,095 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Gulfport Energy by 25.3% during the first quarter. California State Teachers Retirement System now owns 18,797 shares of the company’s stock worth $3,977,000 after buying an additional 3,798 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.