Gulfport Energy Corporation (NYSE:GPOR) Stock Has Consensus Target Price of $210.50

Gulfport Energy Corporation (NYSE:GPOR) has been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $208.50.

GPOR has been the subject of several recent research reports. Truist Financial decreased their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Stifel Nicolaus initiated coverage on shares of Gulfport Energy in a research report on Wednesday, September 9th. They issued a “hold” rating and a $193.00 price target on the stock. Weiss Ratings downgraded Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Mizuho set a $237.00 price objective on Gulfport Energy in a report on Wednesday. Finally, Jefferies Financial Group downgraded Gulfport Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $239.00 to $180.00 in a research note on Friday, September 25th.

Gulfport Energy Trading Up 1.6%

NYSE GPOR opened at $164.59 on Friday. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 6.58 and a beta of 0.56. Gulfport Energy has a 52 week low of $149.18 and a 52 week high of $225.78. The business has a 50 day moving average price of $167.27 and a 200-day moving average price of $173.82. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.82 by $1.03. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%.The company had revenue of $323.23 million for the quarter. As a group, equities analysts expect that Gulfport Energy will post 22.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Timothy J. Cutt sold 2,500 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $158.98, for a total value of $397,450.00. Following the completion of the sale, the director owned 27,013 shares in the company, valued at $4,294,526.74. This represents a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. bought 1,600 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $160.61 per share, with a total value of $256,976.00. Following the acquisition, the chief executive officer owned 24,349 shares of the company’s stock, valued at $3,910,692.89. The trade was a 7.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Keybank National Association OH increased its holdings in shares of Gulfport Energy by 1.2% during the first quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock valued at $1,244,000 after acquiring an additional 67 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Gulfport Energy by 9.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock valued at $160,000 after purchasing an additional 80 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Gulfport Energy by 4.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,095 shares of the company’s stock valued at $655,000 after purchasing an additional 136 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Gulfport Energy by 555.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 177 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Gulfport Energy by 6.9% in the first quarter. Cetera Investment Advisers now owns 2,434 shares of the company’s stock worth $515,000 after buying an additional 157 shares during the last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation (NYSE: GPOR) is an independent exploration and production company focused on developing and producing natural gas, natural gas liquids and oil. Its activities include acquiring, exploring, drilling and operating oil and gas properties.

The company’s operations are concentrated in the Appalachian Basin, particularly the Utica and Marcellus shale plays in eastern Ohio. Gulfport sells the hydrocarbons produced from its wells into regional energy markets and relies on gathering and transportation infrastructure to move production to market.

Gulfport Energy traces its history to the late 1990s and has evolved from a broader domestic oil and gas producer into a company primarily focused on natural gas development in the eastern United States.