Gulfport Energy (NYSE:GPOR) Research Coverage Started at Pickering Energy Partners

Pickering Energy Partners initiated coverage on shares of Gulfport Energy (NYSE:GPOR) in a report published on Tuesday, Marketbeat reports. The brokerage issued an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Truist Financial decreased their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $194.00 target price (down from $240.00) on shares of Gulfport Energy in a report on Tuesday, September 8th. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, UBS Group restated a “buy” rating and issued a $223.00 price target on shares of Gulfport Energy in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gulfport Energy has a consensus rating of “Hold” and an average price target of $217.50.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $161.77 on Tuesday. The company’s 50-day moving average price is $167.03 and its 200-day moving average price is $176.76. Gulfport Energy has a twelve month low of $149.18 and a twelve month high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.86 billion, a PE ratio of 6.47 and a beta of 0.43.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $1.03. The firm had revenue of $323.23 million during the quarter. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. On average, equities research analysts forecast that Gulfport Energy will post 22.25 EPS for the current fiscal year.

Insider Activity

In other Gulfport Energy news, CEO Domenic Dell’osso, Jr. bought 1,600 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the transaction, the chief executive officer directly owned 24,349 shares of the company’s stock, valued at approximately $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew Willrath sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total value of $59,374.25. Following the transaction, the chief accounting officer directly owned 2,130 shares in the company, valued at approximately $389,129.70. This represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gulfport Energy

A number of large investors have recently bought and sold shares of the business. Allworth Financial LP increased its stake in Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after purchasing an additional 85 shares during the period. Pinnacle Holdings LLC purchased a new stake in shares of Gulfport Energy during the second quarter valued at $49,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Gulfport Energy during the second quarter valued at $59,000. EverSource Wealth Advisors LLC boosted its stake in shares of Gulfport Energy by 58.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $68,000 after purchasing an additional 120 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Gulfport Energy by 866.7% in the fourth 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 last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport’s principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.