Gulfport Energy (NYSE:GPOR) Reaches New 12-Month Low – Here’s Why

Gulfport Energy Corporation (NYSE:GPOR) reached a new 52-week low on Wednesday . The company traded as low as $159.00 and last traded at $162.2370, with a volume of 11755 shares. The stock had previously closed at $161.52.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a research note on Friday, May 29th. Finally, Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.22.

Gulfport Energy Stock Down 1.1%

The firm has a fifty day simple moving average of $176.48 and a 200-day simple moving average of $192.18. The company has a market capitalization of $2.86 billion, a PE ratio of 5.44 and a beta of 0.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56.

Insider Buying and Selling at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the sale, the director owned 3,888 shares in the company, valued at approximately $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GPOR. Allspring Global Investments Holdings LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter valued at approximately $2,478,000. IFP Advisors Inc boosted its holdings in Gulfport Energy by 20,951.9% in the third quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock worth $1,981,000 after purchasing an additional 10,895 shares during the period. Victory Capital Management Inc. increased its stake in Gulfport Energy by 67.9% during the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock valued at $63,525,000 after purchasing an additional 142,002 shares during the last quarter. Vanguard Group Inc. increased its stake 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 purchasing an additional 68,664 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Gulfport Energy during the third quarter worth $13,574,000.

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.