Gulfport Energy (NYSE:GPOR) Stock Gets Price Target Reduction from UBS Group

Key Points

• UBS cut its Gulfport Energy price target slightly, from $218 to $217, while maintaining a Buy rating; its target implies 34.15% upside from the current share price.
• Analyst views are mixed: Gulfport has an average rating of Hold and an average target of $208.38, based on one Strong Buy, five Buys, seven Holds, and one Sell.
• Shares rose 4% to $161.76 on Tuesday. Two company insiders reported share sales, while several institutional investors disclosed increased holdings.

Gulfport Energy (NYSE:GPOR - Get Free Report) had its price objective decreased by equities researchers at UBS Group from $218.00 to $217.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price indicates a potential upside of 34.15% from the stock's current price.

Several other research firms have also issued reports on GPOR. Mizuho set a $237.00 target price on shares of Gulfport Energy in a report on Wednesday, October 7th. Scotiabank began coverage on shares of Gulfport Energy in a report on Wednesday, October 14th. They issued a "sector outperform" rating and a $217.00 target price for the company. Truist Financial upped their price objective on Gulfport Energy from $186.00 to $192.00 and gave the company a "hold" rating in a research note on Friday. Jefferies Financial Group downgraded Gulfport Energy from a "buy" rating to a "hold" rating and decreased their target price for the stock from $239.00 to $180.00 in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. lowered Gulfport Energy from an "overweight" rating to an "underweight" rating and decreased their price objective for the company from $240.00 to $194.00 in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $208.38.

Gulfport Energy Trading Up 4.0%

Shares of Gulfport Energy stock traded up $6.26 on Tuesday, hitting $161.76. The stock had a trading volume of 279,879 shares, compared to its average volume of 341,644. The firm has a market capitalization of $2.86 billion, a P/E ratio of 6.22 and a beta of 0.57. Gulfport Energy has a twelve month low of $149.18 and a twelve month high of $225.78. The stock has a 50 day moving average of $164.57 and a 200 day moving average of $178.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58.

Insider Buying and Selling at Gulfport Energy

In other news, Director Timothy J. Cutt sold 2,500 shares of Gulfport Energy stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $158.98, for a total value of $397,450.00. Following the sale, the director directly owned 27,013 shares in the company, valued at approximately $4,294,526.74. This trade represents a 8.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew Willrath sold 325 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total transaction 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. The trade was a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Gulfport Energy

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Gulfport Energy by 50.3% during the first quarter. Bank of America Corp DE now owns 152,201 shares of the company's stock valued at $32,201,000 after purchasing an additional 50,968 shares during the last quarter. Congress Asset Management Co. raised its position in Gulfport Energy by 21.7% in the third quarter. Congress Asset Management Co. now owns 52,917 shares of the company's stock worth $7,963,000 after acquiring an additional 9,429 shares during the period. Janus Henderson Group PLC grew its holdings in Gulfport Energy by 4.2% during the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company's stock valued at $47,323,000 after purchasing an additional 9,095 shares during the period. Hsbc Holdings PLC bought a new position in shares of Gulfport Energy in the first quarter worth about $1,844,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Gulfport Energy during the second quarter valued at approximately $3,064,000.

About Gulfport Energy

Gulfport Energy Corporation is an independent exploration and production company focused on finding and developing oil and natural gas resources. Its operations are concentrated in the Utica Shale in Ohio and the SCOOP resource area in Oklahoma. The company produces natural gas, natural gas liquids and crude oil. Gulfport emerged from a Chapter 11 restructuring in 2021 and is headquartered in Oklahoma City.

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