Gulfport Energy Corporation (NYSE:GPOR) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Gulfport Energy Corporation has received an average rating of "Buy" from five brokerages, with one firm issuing a strong buy rating and a consensus price objective of $231.00.
• Recent reports show various price target adjustments, with JPMorgan Chase increasing their target from $208.00 to $236.00, while Bank of America raised theirs from $217.00 to $218.00.
• Insider transactions indicate a 21.28% decrease in the stake of CAO Matthew Willrath after selling 633 shares, and a 12.53% decrease for director Jason Joseph Martinez after selling 700 shares.

Shares of Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) have received an average rating of "Buy" from the five research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $231.00.

A number of equities analysts have recently issued reports on GPOR shares. Bank of America increased their price target 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. Wall Street Zen downgraded shares of Gulfport Energy from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. KeyCorp reiterated an "overweight" rating and issued a $215.00 price target (up previously from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, TD Cowen upgraded shares of Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th.

Insider Transactions at Gulfport Energy

In related news, CAO Matthew Willrath sold 633 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $193.83, for a total value of $122,694.39. Following the sale, the chief accounting officer directly owned 2,342 shares of the company's stock, valued at approximately $453,949.86. This represents a 21.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason Joseph Martinez sold 700 shares of the 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 sale, the director directly owned 4,888 shares in the company, valued at approximately $946,756.72. The trade was a 12.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

Large investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. acquired a new stake in shares of Gulfport Energy during the 2nd quarter worth about $6,905,000. Sheets Smith Wealth Management acquired a new stake in shares of Gulfport Energy during the 2nd quarter worth about $688,000. Strs Ohio acquired a new stake in shares of Gulfport Energy during the 1st quarter worth about $239,000. Assenagon Asset Management S.A. boosted its stake in shares of Gulfport Energy by 243.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 42,763 shares of the company's stock worth $8,603,000 after purchasing an additional 30,317 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Gulfport Energy during the 2nd quarter worth about $2,589,000.

Gulfport Energy Stock Down 0.9%

Shares of GPOR opened at $166.65 on Tuesday. The company has a 50-day moving average of $188.39. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $2.96 billion, a P/E ratio of -9.36 and a beta of 0.62. Gulfport Energy has a 52-week low of $130.02 and a 52-week high of $210.32.

Gulfport Energy Company Profile

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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