JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Gulfport Energy (NYSE:GPOR) Stock

Gulfport Energy (NYSE:GPOR) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $228.00 to $229.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 13.61% from the stock’s previous close.

GPOR has been the subject of a number of other research reports. UBS Group lifted their target price on Gulfport Energy from $264.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Mizuho lifted their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Finally, TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $226.67.

Gulfport Energy Stock Performance

Shares of NYSE GPOR traded up $4.92 during trading hours on Monday, reaching $201.56. 242,128 shares of the stock were exchanged, compared to its average volume of 339,715. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 9.92 and a beta of 0.61. The stock’s fifty day simple moving average is $196.21 and its 200 day simple moving average is $194.28. 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 $153.27 and a 52 week high of $225.78.

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

Insider Activity

In other news, Director Timothy J. Cutt sold 5,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the completion of the transaction, the director owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. The trade was a 16.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael L. Hodges sold 16,769 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $210.70, for a total value of $3,533,228.30. Following the sale, the chief financial officer owned 18,473 shares of the company’s stock, valued at approximately $3,892,261.10. This represents a 47.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 893,835 shares of company stock valued at $182,476,994. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GPOR. Advisory Services Network LLC bought a new position in shares of Gulfport Energy in the third quarter worth about $28,000. Financial Consulate Inc. bought a new stake in shares of Gulfport Energy during the 3rd quarter valued at approximately $31,000. Allworth Financial LP grew its holdings in shares of Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Federated Hermes Inc. increased its position in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares during the last quarter.

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.