Gulfport Energy Corporation (NYSE:GPOR) Receives Consensus Rating of “Hold” from Analysts

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $219.2222.

Several equities research analysts have recently commented on GPOR shares. Zacks Research lowered Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $194.00 price objective (down from $240.00) on shares of Gulfport Energy in a research note on Tuesday. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Truist Financial decreased their target price 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. Finally, UBS Group lowered their target price on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th.

Insider Activity

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

Institutional Trading of Gulfport Energy

Several large investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of Gulfport Energy during the 3rd quarter worth approximately $28,000. Allworth Financial LP grew its holdings in 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 buying an additional 85 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Gulfport Energy during the second quarter worth $49,000. EverSource Wealth Advisors LLC increased its position in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Gulfport Energy in the fourth quarter worth $54,000.

Gulfport Energy Stock Up 0.2%

Shares of NYSE GPOR opened at $179.69 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. Gulfport Energy has a 52 week low of $149.18 and a 52 week high of $225.78. The firm has a 50-day moving average price of $165.58 and a 200 day moving average price of $180.06. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 7.19 and a beta of 0.43.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $3.82 by $1.03. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. The company had revenue of $323.23 million for the quarter. Equities research analysts anticipate that Gulfport Energy will post 22.25 EPS for the current fiscal year.

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.