Gulfport Energy Corporation (NYSE:GPOR) Given Consensus Rating of "Buy" by Brokerages

Shares of Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) have earned an average rating of "Buy" from the five research firms that are currently covering the firm, Marketbeat reports. Four 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 brokers that have updated their coverage on the stock in the last year is $231.00.

A number of equities analysts have commented on the company. Bank of America raised their price objective on Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a report on Friday. TD Cowen raised Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. KeyCorp reaffirmed an "overweight" rating and issued a $215.00 price objective (up from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. Finally, 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.

Gulfport Energy Price Performance

Shares of NYSE GPOR traded up $4.98 during trading hours on Friday, reaching $189.43. 206,211 shares of the stock were exchanged, compared to its average volume of 251,399. The firm has a market cap of $3.37 billion, a P/E ratio of -10.64 and a beta of 0.64. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.45. Gulfport Energy has a 52 week low of $130.02 and a 52 week high of $210.32.

Insiders Place Their Bets

In other news, CAO Matthew Willrath sold 633 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $193.83, for a total transaction of $122,694.39. Following the completion of the transaction, the chief accounting officer owned 2,342 shares of the company's stock, valued at approximately $453,949.86. The trade was a 21.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason Joseph Martinez sold 700 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total value of $135,583.00. Following the transaction, the director directly owned 4,888 shares of the company's stock, valued at $946,756.72. This trade represents a 12.53% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors have recently modified their holdings of the business. Strs Ohio bought a new stake in Gulfport Energy during the 1st quarter worth $239,000. Rhumbline Advisers grew its position in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock worth $3,798,000 after acquiring an additional 248 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew 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 acquiring an additional 47,600 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Gulfport Energy during the 2nd quarter worth $263,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Gulfport Energy during the 2nd quarter worth $557,000.

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.