Gulfport Energy Corporation (NYSE:GPOR) Receives Average Recommendation of “Moderate Buy” from Analysts

Gulfport Energy Corporation (NYSE:GPOR) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $230.2222.

GPOR has been the topic of a number of research reports. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. UBS Group dropped their price objective on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Bank of America increased their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. increased their price target on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 84,416 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the transaction, the director owned 2,605,729 shares in the company, valued at $532,141,976.38. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction that occurred 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 transaction, the director owned 3,888 shares in the company, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Vanguard Group Inc. boosted its position in shares of Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after acquiring an additional 68,664 shares during the period. Jennison Associates LLC boosted its position in shares of Gulfport Energy by 14.2% in the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after acquiring an additional 83,613 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Gulfport Energy by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after acquiring an additional 34,486 shares during the period. Victory Capital Management Inc. boosted its position in shares of Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after acquiring an additional 176,386 shares during the period. Finally, State Street Corp boosted its position in shares of Gulfport Energy by 1.8% in the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after acquiring an additional 8,668 shares during the period.

Gulfport Energy Trading Up 0.4%

NYSE:GPOR opened at $169.35 on Monday. The stock’s 50 day moving average price is $192.51 and its 200 day moving average price is $198.69. Gulfport Energy has a 52 week low of $160.95 and a 52 week high of $225.78. The company has a market capitalization of $3.04 billion, a P/E ratio of 5.79 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.

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.