Brokerages Set Gulfport Energy Corporation (NYSE:GPOR) PT at $231.00

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.

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) has earned an average rating of "Buy" from the five research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $231.00.

Several equities research analysts have recently weighed in on GPOR shares. JPMorgan Chase & Co. raised their target price on Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. UBS Group set a $255.00 target price on Gulfport Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Wall Street Zen downgraded Gulfport Energy from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. TD Cowen raised Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Bank of America upped their price objective on Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a research report on Friday, May 23rd.

Insiders Place Their Bets

In related news, CAO Matthew Willrath sold 633 shares of Gulfport Energy stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $193.83, for a total transaction of $122,694.39. Following the sale, the chief accounting officer directly owned 2,342 shares of the company's stock, valued at $453,949.86. This trade represents a 21.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total value of $135,583.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jennison Associates LLC boosted its stake in Gulfport Energy by 49.3% in the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company's stock worth $113,700,000 after purchasing an additional 186,531 shares during the period. Geode Capital Management LLC raised its holdings in shares of Gulfport Energy by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 332,557 shares of the company's stock valued at $66,912,000 after purchasing an additional 31,682 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in shares of Gulfport Energy by 4.5% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company's stock valued at $32,823,000 after purchasing an additional 7,000 shares during the period. Canoe Financial LP acquired a new stake in Gulfport Energy during the second quarter worth approximately $13,257,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Gulfport Energy by 337.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock worth $12,412,000 after buying an additional 47,600 shares during the period.

Gulfport Energy Price Performance

NYSE GPOR traded down $1.03 during mid-day trading on Tuesday, hitting $167.69. The stock had a trading volume of 117,609 shares, compared to its average volume of 254,179. The stock's 50 day moving average is $186.33. Gulfport Energy has a twelve month low of $135.49 and a twelve month high of $210.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.43. The company has a market capitalization of $2.98 billion, a PE ratio of -23.36 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 for the quarter, missing analysts' consensus estimates of $4.91 by ($0.85). Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%. The business had revenue of $447.62 million for the quarter, compared to analysts' expectations of $334.57 million.

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.