Gulfport Energy (NYSE:GPOR) Stock Price Target Raised at Truist Financial

Key Points

• Truist raised Gulfport Energy’s price target from $186 to $192 but maintained a “hold” rating; the new target implies 25.12% upside from the stock’s then-current price.
• Analyst views remain mixed, with a consensus “hold” rating and average price target of $210.80.
• Gulfport reported quarterly earnings of $4.85 per share, beating analyst expectations of $3.82 per share.

Gulfport Energy (NYSE:GPOR - Get Free Report) had its price target hoisted by equities researchers at Truist Financial from $186.00 to $192.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "hold" rating on the stock. Truist Financial's target price would suggest a potential upside of 25.12% from the company's current price.

Several other brokerages have also recently commented on GPOR. Pickering Energy Partners assumed coverage on Gulfport Energy in a research report on Tuesday, September 22nd. They issued an "outperform" rating for the company. JPMorgan Chase & Co. downgraded Gulfport Energy from an "overweight" rating to an "underweight" rating and cut their price objective for the company from $240.00 to $194.00 in a research report on Tuesday, September 8th. Zacks Research raised Gulfport Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 8th. Scotiabank initiated coverage on Gulfport Energy in a report on Wednesday, October 14th. They set a "sector outperform" rating and a $217.00 target price on the stock. Finally, UBS Group decreased their target price on Gulfport Energy from $223.00 to $218.00 and set a "buy" rating on the stock in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Gulfport Energy has a consensus rating of "Hold" and a consensus target price of $210.80.

Gulfport Energy Price Performance

GPOR stock traded down $1.63 during trading hours on Friday, hitting $153.45. 71,359 shares of the stock traded hands, compared to its average volume of 340,939. The stock has a 50-day simple moving average of $165.51 and a 200 day simple moving average of $178.50. The company has a market cap of $2.71 billion, a P/E ratio of 5.89 and a beta of 0.57. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. Gulfport Energy has a one year low of $149.18 and a one year high of $225.78.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, beating analysts' consensus estimates of $3.82 by $1.03. Gulfport Energy had a return on equity of 22.39% and a net margin of 31.66%. The business had revenue of $323.23 million during the quarter. Equities analysts forecast that Gulfport Energy will post 22.01 earnings per share for the current year.

Insider Activity at Gulfport Energy

In related news, CAO Matthew Willrath sold 325 shares of the business'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 completion of the transaction, the chief accounting officer owned 2,130 shares in the company, valued at $389,129.70. The trade was a 13.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy J. Cutt sold 2,500 shares of the company's stock in a transaction 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 transaction, the director directly owned 27,013 shares in the company, valued at approximately $4,294,526.74. This represents a 8.47% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

Several hedge funds and other institutional investors have recently made changes to their positions in GPOR. Farther Finance Advisors LLC raised its position in shares of Gulfport Energy by 555.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 177 shares of the company's stock valued at $27,000 after acquiring an additional 150 shares during the period. Salomon & Ludwin LLC acquired a new position in Gulfport Energy during the third quarter valued at approximately $28,000. Pinnacle Holdings LLC bought a new stake in Gulfport Energy in the second quarter valued at approximately $49,000. Pinnacle Wealth Planning Services Inc. increased its stake in Gulfport Energy by 802.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 325 shares of the company's stock valued at $49,000 after purchasing an additional 289 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Gulfport Energy in the second quarter worth $59,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent exploration and production company focused on developing natural gas and associated natural gas liquids. The company's operations are concentrated primarily in the Utica Shale in eastern Ohio, where it drills, completes and produces unconventional oil and gas wells.

Gulfport's product mix includes natural gas, natural gas liquids and condensate. Its activities include leasing and managing mineral acreage, operating horizontal wells and coordinating gathering, processing and transportation arrangements needed to deliver production to market.

Founded in 1997, Gulfport historically operated in several U.S.

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