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

Equities research analysts at Truist Financial initiated coverage on shares of Gulfport Energy (NYSE:GPOR) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set a “hold” rating and a $230.00 price target on the stock. Truist Financial’s price target suggests a potential upside of 8.18% from the company’s current price.

Several other brokerages have also recently weighed in on GPOR. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Mizuho lifted their price objective on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.90.

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $212.61 on Tuesday. Gulfport Energy has a 1-year low of $153.27 and a 1-year high of $225.78. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $200.02 and its 200-day moving average is $195.81. The firm has a market capitalization of $3.95 billion, a PE ratio of 10.46 and a beta of 0.61.

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

Insider Buying and Selling

In other news, Director Timothy J. Cutt sold 5,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the transaction, the director directly owned 26,255 shares in the company, valued at $5,480,206.15. The trade was a 16.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Lester Zitkus sold 4,745 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total transaction of $881,099.05. Following the completion of the sale, the senior vice president directly owned 7,821 shares in the company, valued at approximately $1,452,281.49. The trade was a 37.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 893,835 shares of company stock worth $182,476,994 in the last quarter. 0.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in Gulfport Energy in the 3rd quarter valued at about $28,000. Financial Consulate Inc. bought a new position in shares of Gulfport Energy during the third quarter worth approximately $31,000. Allworth Financial LP lifted 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 purchasing an additional 85 shares during the last quarter. Federated Hermes Inc. boosted its stake in Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Gulfport Energy by 364.8% in the 2nd 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.

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.