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

Gulfport Energy Corporation (NYSE:GPOR) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $230.8750.

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group raised their price target on Gulfport Energy from $227.00 to $264.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday. Mizuho raised their target price on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Tudor Pickering downgraded shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st.

Gulfport Energy Price Performance

NYSE GPOR opened at $185.53 on Friday. The firm’s 50 day moving average is $205.98 and its 200-day moving average is $187.99. 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 market capitalization of $3.58 billion, a PE ratio of -97.65 and a beta of 0.61. Gulfport Energy has a 12-month low of $153.27 and a 12-month high of $225.78.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%. The business had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million.

Insider Activity

In other news, Director Timothy J. Cutt sold 2,635 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total value of $554,535.75. Following the sale, the director directly owned 35,473 shares of the company’s stock, valued at approximately $7,465,292.85. This represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Point Capital L.P. sold 244,489 shares of the firm’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 completion of the sale, the director owned 3,495,431 shares of the company’s stock, valued at $767,456,830.36. This trade represents a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 307,427 shares of company stock valued at $67,094,831 over the last quarter. 0.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GPOR. Polymer Capital Management US LLC raised its stake in Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after acquiring an additional 81 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Gulfport Energy by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock valued at $1,035,000 after purchasing an additional 83 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Gulfport Energy by 0.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after buying an additional 108 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Gulfport Energy by 7.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after buying an additional 119 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its stake in Gulfport Energy by 4.6% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock valued at $551,000 after buying an additional 121 shares during the last quarter.

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.