Gulfport Energy Corporation (NYSE:GPOR) Given Average Recommendation of “Moderate Buy” by Brokerages

Gulfport Energy Corporation (NYSE:GPOR) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $227.00.

Several brokerages have commented on GPOR. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Truist Financial decreased their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a report on Friday, July 10th. UBS Group lowered their target price 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. Finally, Weiss Ratings downgraded shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors have recently made changes to their positions in GPOR. Advisory Services Network LLC acquired a new position in shares of Gulfport Energy during the third quarter worth approximately $28,000. Allworth Financial LP grew its stake in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after acquiring an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares during the period. Kestra Advisory Services LLC bought a new position in Gulfport Energy during the fourth quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock valued at $84,000 after purchasing an additional 364 shares during the last quarter.

Gulfport Energy Stock Down 0.6%

Shares of GPOR stock opened at $157.07 on Tuesday. The stock’s 50 day simple moving average is $165.15 and its 200 day simple moving average is $185.42. 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 has a twelve month low of $149.18 and a twelve month high of $225.78. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 5.37 and a beta of 0.41.

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.