Gulfport Energy Corporation (NYSE:GPOR) Stock Has Consensus Target Price of $210.20

Key Points

• Analysts hold a mixed view of Gulfport Energy: Sixteen firms give the stock a consensus “Hold” rating, with six Buys, eight Holds, one Sell and one Strong Buy. The average 12-month price target is $210.20, above the reported $165.56 share price.
• Recent analyst actions have been cautious, including downgrades from JPMorgan and Jefferies and reduced price targets from several firms, although Scotiabank initiated coverage with a “Sector Outperform” rating and a $217 target.
• Gulfport reported quarterly EPS of $4.85, exceeding the $3.82 consensus estimate, on revenue of $323.23 million. The stock has traded between $149.18 and $225.78 over the past year and recently declined 2.3%.

Shares of Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) have received a consensus recommendation of "Hold" from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $210.20.

GPOR has been the topic of a number of research reports. Scotiabank assumed coverage on Gulfport Energy in a research note on Wednesday, October 14th. They issued a "sector outperform" rating and a $217.00 price objective on the stock. JPMorgan Chase & Co. downgraded Gulfport Energy from an "overweight" rating to an "underweight" rating and lowered their target price for the company from $240.00 to $194.00 in a research report on Tuesday, September 8th. Jefferies Financial Group lowered shares of Gulfport Energy from a "buy" rating to a "hold" rating and cut their target price for the company from $239.00 to $180.00 in a report on Friday, September 25th. Truist Financial reduced their price target on shares of 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, Weiss Ratings downgraded shares of Gulfport Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st.

Insider Transactions at Gulfport Energy

In related news, Director Timothy J. Cutt sold 2,500 shares of Gulfport Energy stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $158.98, for a total value of $397,450.00. Following the completion of the transaction, the director owned 27,013 shares in the company, valued at approximately $4,294,526.74. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. purchased 1,600 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $160.61 per share, with a total value of $256,976.00. Following the transaction, the chief executive officer owned 24,349 shares of the company's stock, valued at $3,910,692.89. This represents a 7.03% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On Gulfport Energy

Institutional investors have recently modified their holdings of the stock. Keybank National Association OH grew its holdings in Gulfport Energy by 1.2% during the 1st quarter. Keybank National Association OH now owns 5,881 shares of the company's stock valued at $1,244,000 after purchasing an additional 67 shares during the last quarter. Central Pacific Bank Trust Division raised its position in Gulfport Energy by 9.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company's stock worth $160,000 after purchasing an additional 80 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Gulfport Energy by 4.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,095 shares of the company's stock worth $655,000 after purchasing an additional 136 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Gulfport Energy by 555.6% in the third quarter. Farther Finance Advisors LLC now owns 177 shares of the company's stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Gulfport Energy by 6.9% in the first quarter. Cetera Investment Advisers now owns 2,434 shares of the company's stock worth $515,000 after purchasing an additional 157 shares during the last quarter.

Gulfport Energy Trading Down 2.3%

Shares of Gulfport Energy stock opened at $165.56 on Thursday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 6.62 and a beta of 0.56. The business has a 50-day moving average price of $166.77 and a 200-day moving average price of $178.92. 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 twelve month low of $149.18 and a twelve month high of $225.78.

Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.82 by $1.03. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. The firm had revenue of $323.23 million for the quarter. Equities research analysts anticipate that Gulfport Energy will post 22.01 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.