Gulfport Energy Corporation (NYSE:GPOR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Gulfport Energy, with seven buy ratings, one strong buy, six holds and one sell among 15 analysts. The average 12-month price target is $223.11, above the stock’s reported $170.69 opening price.
• Recent analyst actions were mixed: Mizuho upgraded the stock to “outperform,” while Zacks Research cut it to “strong sell”; Truist and UBS also lowered their price targets.
• Gulfport CEO Domenic J. Dell’osso Jr. purchased 1,600 shares for approximately $257,000, increasing his holdings by 7.03%. The company reported a $3.02 billion market capitalization and a P/E ratio of 6.83.

Shares of Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $223.1111.

Several equities research analysts have recently issued reports on the company. Zacks Research lowered Gulfport Energy from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Mizuho raised shares of Gulfport Energy from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial reduced their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a "hold" rating for the company in a research note on Wednesday, August 5th. UBS Group decreased their target price on shares of Gulfport Energy from $223.00 to $214.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Gulfport Energy from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 16th.

Gulfport Energy Stock Performance

Shares of NYSE GPOR opened at $170.69 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58. Gulfport Energy has a one year low of $149.18 and a one year high of $225.78. The business's 50-day moving average price is $161.28 and its two-hundred day moving average price is $183.14. The company has a market capitalization of $3.02 billion, a P/E ratio of 6.83 and a beta of 0.41.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, CEO Domenic J. Dell'osso, Jr. acquired 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the acquisition, the chief executive officer owned 24,349 shares of the company's stock, valued at approximately $3,910,692.89. This trade represents a 7.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Gulfport Energy

Institutional investors have recently bought and sold shares of the stock. Keybank National Association OH boosted its stake in shares of Gulfport Energy by 1.2% during the 1st quarter. Keybank National Association OH now owns 5,881 shares of the company's stock worth $1,244,000 after acquiring an additional 67 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of Gulfport Energy by 9.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company's stock valued at $160,000 after acquiring an additional 80 shares during the last quarter. Polymer Capital Management US LLC raised its stake in shares of Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company's stock valued at $397,000 after acquiring an additional 81 shares in the last quarter. Allworth Financial LP raised its stake in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company's stock valued at $33,000 after acquiring an additional 85 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Gulfport Energy by 3.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company's stock valued at $615,000 after acquiring an additional 94 shares in the last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company's primary operations are concentrated in two major U.S. resource basins.

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