Analysts Set Gulfport Energy Corporation (NYSE:GPOR) PT at $230.22

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $230.2222.

A number of equities analysts have recently commented on GPOR shares. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. UBS Group reduced 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 report on Thursday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Bank of America raised their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $168.27 on Monday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 5.75 and a beta of 0.41. The company’s 50-day moving average is $188.62 and its 200 day moving average is $197.29. Gulfport Energy has a 1-year low of $160.95 and a 1-year high of $225.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56.

Insider Activity at Gulfport Energy

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

Hedge Funds Weigh In On Gulfport Energy

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Gulfport Energy by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after buying an additional 68,664 shares during the period. Jennison Associates LLC increased its holdings in Gulfport Energy by 14.2% during the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after buying an additional 83,613 shares during the period. Dimensional Fund Advisors LP increased its holdings in Gulfport Energy by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after buying an additional 34,486 shares during the period. Victory Capital Management Inc. increased its holdings in Gulfport Energy by 50.3% during the fourth 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. Finally, State Street Corp increased its holdings in Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after buying an additional 8,668 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.