Gulfport Energy (NYSE:GPOR) Hits New 12-Month Low – Here’s What Happened

Gulfport Energy Corporation (NYSE:GPOR) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $156.77 and last traded at $156.16, with a volume of 9736 shares. The stock had previously closed at $160.36.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial decreased their target price on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a report on Friday, May 8th. UBS Group cut their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Bank of America upped their price target on shares of 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 shares of Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, Mizuho raised shares of 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 note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gulfport Energy has an average rating of “Moderate Buy” and an average target price of $230.22.

Gulfport Energy Price Performance

The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 5.27 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 simple moving average of $171.66 and a 200 day simple moving average of $189.44.

Institutional Trading of Gulfport Energy

Institutional investors have recently made changes to their positions in the stock. Central Pacific Bank Trust Division raised its holdings in shares of Gulfport Energy by 9.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock valued at $160,000 after purchasing an additional 80 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Gulfport Energy in the first quarter worth $362,000. Bank of America Corp DE boosted its holdings 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 purchasing an additional 50,968 shares in the last quarter. Janus Henderson Group PLC increased its position in Gulfport Energy by 4.2% during 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 last quarter. Finally, California State Teachers Retirement System increased its position in Gulfport Energy by 25.3% during 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 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.