Gulfport Energy Corporation (NYSE:GPOR) Given Average Rating of "Buy" by 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 assigned a consensus recommendation of "Buy" from the six research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $224.00.

Several equities analysts have weighed in on GPOR shares. William Blair started coverage on shares of Gulfport Energy in a report on Monday, August 25th. They set an "outperform" rating for the company. UBS Group dropped their target price on shares of Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a report on Wednesday, August 20th. KeyCorp restated an "overweight" rating and set a $215.00 target price (up from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. TD Cowen upgraded shares of Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Bank of America raised their target price on shares of Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a report on Friday, May 23rd.

Gulfport Energy Stock Down 1.4%

Shares of NYSE GPOR opened at $174.05 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. Gulfport Energy has a 52 week low of $135.84 and a 52 week high of $210.32. The company has a 50-day moving average of $177.88. The firm has a market capitalization of $3.06 billion, a PE ratio of -24.24 and a beta of 0.62.

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

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 700 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $193.69, for a total transaction of $135,583.00. Following the completion of the transaction, the director directly owned 4,888 shares in the company, valued at approximately $946,756.72. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Gulfport Energy

A number of hedge funds and other institutional investors have recently modified their holdings of GPOR. Jennison Associates LLC grew its holdings in shares of Gulfport Energy by 49.3% during the second quarter. Jennison Associates LLC now owns 565,194 shares of the company's stock worth $113,700,000 after buying an additional 186,531 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Gulfport Energy by 328.6% during the second quarter. Alliancebernstein L.P. now owns 131,926 shares of the company's stock worth $26,540,000 after buying an additional 101,146 shares in the last quarter. Canoe Financial LP purchased a new stake in shares of Gulfport Energy during the second quarter worth about $13,257,000. Schroder Investment Management Group purchased a new stake in shares of Gulfport Energy during the second quarter worth about $11,736,000. Finally, Sei Investments Co. grew its holdings in shares of Gulfport Energy by 219.7% during the second quarter. Sei Investments Co. now owns 69,708 shares of the company's stock worth $14,023,000 after buying an additional 47,907 shares in the last quarter.

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.

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