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

Gulfport Energy Corporation (NYSE:GPOR) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $223.1111.

GPOR has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. UBS Group cut their target price on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Finally, Truist Financial reduced their price target on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th.

Gulfport Energy Trading Down 0.7%

Shares of GPOR stock opened at $173.15 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 6.93 and a beta of 0.41. The stock has a 50 day simple moving average of $161.89 and a 200-day simple moving average of $182.22. Gulfport Energy has a 1-year low of $149.18 and a 1-year high of $225.78.

Insider Transactions at Gulfport Energy

In other news, CEO Domenic J. Dell’osso, Jr. acquired 1,600 shares of the business’s stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the purchase, the chief executive officer owned 24,349 shares in the company, valued at approximately $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of Gulfport Energy

Several large investors have recently made changes to their positions in GPOR. Assenagon Asset Management S.A. raised its stake in Gulfport Energy by 4,946.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after purchasing an additional 458,156 shares during the last quarter. Millennium Management LLC boosted its stake in Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock worth $77,104,000 after purchasing an additional 395,197 shares during the last quarter. Ninepoint Partners LP acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at about $41,598,000. Victory Capital Management Inc. lifted its stake in shares of Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after buying an additional 176,386 shares in the last quarter. Finally, Whitebox Advisors LLC lifted its stake in shares of Gulfport Energy by 148.6% in the third quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock worth $49,702,000 after buying an additional 164,178 shares in 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.