Gulfport Energy Corporation (NYSE:GPOR) Given Consensus Recommendation of "Buy" by Analysts

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) has earned a consensus rating of "Buy" from the four research firms that are covering the stock, MarketBeat reports. Three investment 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 target among brokerages that have issued a report on the stock in the last year is $229.33.

Several research firms have recently issued reports on GPOR. KeyCorp reaffirmed an "overweight" rating and issued a $215.00 price objective (up previously from $205.00) on shares of Gulfport Energy in a research note on Thursday, May 22nd. Bank of America upped their price target 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. TD Cowen upgraded shares of Gulfport Energy to a "strong-buy" rating in a report on Monday. UBS Group set a $255.00 price objective on Gulfport Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. lifted their target price on Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a report on Friday.

Gulfport Energy Stock Performance

Gulfport Energy stock traded up $8.59 during midday trading on Friday, reaching $184.52. The company's stock had a trading volume of 195,062 shares, compared to its average volume of 250,698. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.28 billion, a PE ratio of -10.36 and a beta of 0.64. Gulfport Energy has a 52 week low of $130.02 and a 52 week high of $210.32.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $193.69, for a total transaction of $135,583.00. Following the transaction, the director directly owned 4,888 shares of the company's stock, valued at $946,756.72. The trade was a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew Willrath sold 633 shares of the business's 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 transaction, the chief accounting officer owned 2,342 shares in the company, valued at approximately $453,949.86. This trade represents a 21.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Gulfport Energy in the first quarter valued at approximately $239,000. Pallas Capital Advisors LLC purchased a new stake in shares of Gulfport Energy during the second quarter worth $263,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Gulfport Energy in the second quarter valued at $557,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Gulfport Energy by 21.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,100 shares of the company's stock worth $3,437,000 after buying an additional 3,000 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after acquiring an additional 248 shares in the last quarter.

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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