Gulfport Energy Corporation (NYSE:GPOR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Gulfport Energy Corporation (NYSE:GPOR) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $230.2222.

Several equities research analysts recently issued reports on the company. Truist Financial dropped their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Bank of America upped their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings lowered Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, UBS Group dropped their price target on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th.

Insider Activity

In related news, Director Jason Joseph Martinez sold 400 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the sale, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new stake in Gulfport Energy in the first quarter worth $362,000. Bank of America Corp DE increased its position in Gulfport Energy by 50.3% in the first quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock worth $32,201,000 after buying an additional 50,968 shares during the period. Janus Henderson Group PLC increased its position in Gulfport Energy by 4.2% in the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock worth $47,323,000 after buying an additional 9,095 shares during the period. California State Teachers Retirement System increased its position in Gulfport Energy by 25.3% in the first quarter. California State Teachers Retirement System now owns 18,797 shares of the company’s stock worth $3,977,000 after buying an additional 3,798 shares during the period. Finally, Royal Bank of Canada increased its position in Gulfport Energy by 19.0% in the first quarter. Royal Bank of Canada now owns 6,839 shares of the company’s stock worth $1,448,000 after buying an additional 1,090 shares during the period.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $169.82 on Friday. The stock has a market cap of $3.05 billion, a P/E ratio of 5.80 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. The stock has a 50 day moving average of $174.90 and a 200-day moving average of $191.28. Gulfport Energy has a 52 week low of $158.91 and a 52 week high of $225.78.

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.