Gulfport Energy (NYSE:GPOR) Price Target Raised to $237.00

Gulfport Energy (NYSE:GPOR) had its price objective lifted by investment analysts at Bank of America from $215.00 to $237.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 15.31% from the company’s current price.

Several other research analysts also recently weighed in on GPOR. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Mizuho increased their price objective on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wolfe Research downgraded shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $228.78.

Gulfport Energy Stock Up 4.1%

GPOR traded up $8.15 during trading on Thursday, hitting $205.53. 219,520 shares of the company’s stock were exchanged, compared to its average volume of 336,338. The stock has a market cap of $3.81 billion, a P/E ratio of 10.11 and a beta of 0.61. The business’s 50 day moving average is $196.97 and its two-hundred day moving average is $194.65. Gulfport Energy has a fifty-two week low of $153.27 and a fifty-two week high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Insider Transactions at Gulfport Energy

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

Institutional Trading of Gulfport Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after purchasing an additional 364 shares during the period. Invesco Ltd. raised its holdings in shares of Gulfport Energy by 36.9% in the 4th quarter. Invesco Ltd. now owns 69,459 shares of the company’s stock valued at $14,447,000 after buying an additional 18,733 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Gulfport Energy by 102.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,845 shares of the company’s stock valued at $592,000 after acquiring an additional 1,440 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Gulfport Energy during the fourth quarter worth about $327,000. Finally, EP Wealth Advisors LLC purchased a new stake in Gulfport Energy during the 4th quarter worth approximately $215,000.

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.