Gulfport Energy (NYSE:GPOR) Coverage Initiated by Analysts at Truist Financial

Stock analysts at Truist Financial initiated coverage on shares of Gulfport Energy (NYSE:GPOR) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating and a $230.00 price target on the stock. Truist Financial’s price objective suggests a potential upside of 11.08% from the stock’s current price.

A number of other research analysts have also commented on GPOR. UBS Group raised their price objective on shares of Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Bank of America upped their target price on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Mizuho lifted their price target on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings raised Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and a consensus price target of $228.90.

Gulfport Energy Stock Performance

GPOR stock opened at $207.07 on Tuesday. The company has a 50-day simple moving average of $198.67 and a 200 day simple moving average of $195.46. The company has a market capitalization of $3.84 billion, a P/E ratio of 10.19 and a beta of 0.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy has a fifty-two week low of $153.27 and a fifty-two week high of $225.78.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million for the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%.

Insider Buying and Selling at Gulfport Energy

In related news, Director Silver Point Capital L.P. sold 84,416 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the completion of the sale, the director directly owned 2,605,729 shares in the company, valued at approximately $532,141,976.38. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Lester Zitkus sold 4,745 shares of Gulfport Energy stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $185.69, for a total transaction of $881,099.05. Following the completion of the transaction, the senior vice president owned 7,821 shares in the company, valued at approximately $1,452,281.49. This trade represents a 37.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 893,835 shares of company stock valued at $182,476,994. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy during the third quarter valued at $28,000. Financial Consulate Inc. purchased a new position in Gulfport Energy in the 3rd quarter worth about $31,000. Allworth Financial LP raised its holdings in Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after buying an additional 85 shares during the period. Federated Hermes Inc. raised its holdings in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after buying an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares in 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.