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

Gulfport Energy Corporation (NYSE:GPOR) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $230.2222.

Several equities analysts have recently commented on the company. Bank of America raised their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. lifted their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction 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 directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds have recently bought and sold shares of the stock. Keybank National Association OH boosted its stake in shares of Gulfport Energy by 1.2% during the 1st quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock worth $1,244,000 after acquiring an additional 67 shares in the last quarter. Polymer Capital Management US LLC boosted its stake in shares of Gulfport Energy by 3.8% during the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after acquiring an additional 81 shares in the last quarter. Allworth Financial LP boosted its stake in shares of 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 acquiring an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Gulfport Energy by 3.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after acquiring an additional 94 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of Gulfport Energy by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock worth $4,895,000 after acquiring an additional 102 shares in the last quarter.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock opened at $159.21 on Friday. The firm has a market cap of $2.86 billion, a P/E ratio of 5.44 and a beta of 0.41. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy has a 12 month low of $158.91 and a 12 month high of $225.78. The stock’s fifty day moving average price is $176.48 and its 200-day moving average price is $192.18.

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.