Mizuho Issues Positive Forecast for Gulfport Energy (NYSE:GPOR) Stock Price

Gulfport Energy (NYSE:GPORFree Report) had its target price hoisted by Mizuho from $248.00 to $251.00 in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also commented on GPOR. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group reduced their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Finally, Bank of America raised their price target on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Gulfport Energy presently has a consensus rating of “Moderate Buy” and an average target price of $231.33.

View Our Latest Report on GPOR

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $180.74 on Wednesday. The firm has a market cap of $3.26 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. The firm’s fifty day moving average is $200.41 and its 200-day moving average is $199.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.68. Gulfport Energy has a 52 week low of $160.95 and a 52 week high of $225.78.

Gulfport Energy (NYSE:GPORGet Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share 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 net margin of 35.72% and a return on equity of 23.50%. Sell-side analysts predict that Gulfport Energy will post 24.31 earnings per share for the current year.

Insider Buying and Selling at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director owned 26,255 shares of the company’s stock, valued at $5,480,206.15. This trade represents a 16.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the transaction, the director owned 3,888 shares in the company, valued at $829,699.20. The trade was a 9.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 876,258 shares of company stock valued at $179,141,707 over the last ninety days. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its position in Gulfport Energy by 20,951.9% in the 3rd quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock valued at $1,981,000 after purchasing an additional 10,895 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Gulfport Energy during the fourth quarter worth $2,478,000. Victory Capital Management Inc. lifted its stake in shares of Gulfport Energy by 67.9% in the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock valued at $63,525,000 after buying an additional 142,002 shares in the last quarter. Coastal Bridge Advisors LLC acquired a new position in shares of Gulfport Energy during the third quarter valued at about $1,837,000. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Gulfport Energy during the third quarter valued at about $13,574,000.

Gulfport Energy News Roundup

Here are the key news stories impacting Gulfport Energy this week:

Gulfport Energy Company Profile

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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.

Further Reading

Analyst Recommendations for Gulfport Energy (NYSE:GPOR)

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