Gulfport Energy Corporation (NYSE:GPOR) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Gulfport Energy Corporation (NYSE: GPOR) received an average consensus rating of "Buy" from six research firms, with a target price averaging $224.00.
• The company's shares recently opened at $174.05, reflecting a 1.4% decrease, and they have a 52-week range between $135.84 and $210.32.
• Gulfport Energy reported a $4.06 EPS for its last quarter, missing estimates, but achieved revenue of $447.62 million, exceeding expectations of $334.57 million.

Shares of Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) have been given an average recommendation of "Buy" by the six brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $221.50.

A number of brokerages recently commented on GPOR. TD Cowen upgraded shares of Gulfport Energy to a "strong-buy" rating in a research report on Monday, July 7th. Bank of America raised their price objective on shares of Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, UBS Group reduced their price target on shares of Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th.

Gulfport Energy Trading Up 2.4%

Shares of NYSE GPOR traded up $4.10 during midday trading on Friday, reaching $175.47. 185,729 shares of the company were exchanged, compared to its average volume of 226,188. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. Gulfport Energy has a 1 year low of $135.84 and a 1 year high of $210.32. The company's fifty day moving average is $175.55. The company has a market capitalization of $3.08 billion, a PE ratio of -24.44 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.91 by ($0.85). The company had revenue of $447.62 million for the quarter, compared to analysts' expectations of $334.57 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GPOR. EverSource Wealth Advisors LLC grew its holdings in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company's stock valued at $50,000 after buying an additional 197 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in Gulfport Energy during the second quarter worth $85,000. Assetmark Inc. increased its position in Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company's stock worth $101,000 after buying an additional 168 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Gulfport Energy by 1,360.5% during the second quarter. PNC Financial Services Group Inc. now owns 628 shares of the company's stock worth $126,000 after buying an additional 585 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in Gulfport Energy in the 2nd quarter worth approximately $226,000.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.