Bank of America Boosts Gulfport Energy (NYSE:GPOR) Price Target to $237.00

Gulfport Energy (NYSE:GPOR) had its price objective increased by analysts at Bank of America from $215.00 to $237.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 15.55% from the stock’s previous close.

GPOR has been the subject of several other reports. UBS Group raised their target price on Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings raised Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Mizuho boosted their price objective on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and an average target price of $228.78.

Gulfport Energy Stock Up 0.6%

Shares of NYSE GPOR opened at $205.10 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3.81 billion, a PE ratio of 10.09 and a beta of 0.61. The company’s fifty day simple moving average is $198.08 and its 200 day simple moving average is $194.93. Gulfport Energy has a 12-month low of $153.27 and a 12-month high of $225.78.

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

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, SVP Michael Sluiter sold 9,933 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the completion of the sale, the senior vice president directly owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. The trade was a 45.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael L. Hodges sold 16,769 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $210.70, for a total value of $3,533,228.30. Following the completion of the sale, the chief financial officer directly owned 18,473 shares of the company’s stock, valued at approximately $3,892,261.10. This trade represents a 47.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 893,835 shares of company stock worth $182,476,994. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Vanguard Group Inc. boosted its holdings in Gulfport Energy by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after acquiring an additional 68,664 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Gulfport Energy by 14.2% in the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock worth $139,662,000 after acquiring an additional 83,613 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gulfport Energy by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after purchasing an additional 34,716 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of 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 purchasing an additional 176,386 shares in the last quarter. Finally, State Street Corp lifted its position in shares of 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 purchasing an additional 8,668 shares in the last quarter.

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.