Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $231.3333.
A number of research firms recently commented on GPOR. Wall Street Zen lowered Gulfport Energy from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. UBS Group decreased their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a "buy" rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. Weiss Ratings upgraded shares of Gulfport Energy from a "hold (c)" rating to a "buy (b)" rating in a research report on Monday, March 2nd. Finally, Zacks Research raised shares of Gulfport Energy from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 7th.
Check Out Our Latest Stock Analysis on Gulfport Energy
Gulfport Energy Stock Down 7.4%
Shares of NYSE:GPOR opened at $180.74 on Thursday. The firm has a market cap of $3.26 billion, a P/E ratio of 6.18, a P/E/G ratio of 0.96 and a beta of 0.46. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy has a 12-month low of $160.95 and a 12-month high of $225.78. The business has a fifty day simple moving average of $200.41 and a 200 day simple moving average of $199.93.
Gulfport Energy (NYSE:GPOR - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million for the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a return on equity of 23.50% and a net margin of 35.72%. Analysts predict that Gulfport Energy will post 24.31 earnings per share for the current year.
Insiders Place Their Bets
In other Gulfport Energy news, CFO Michael L. Hodges sold 16,769 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the completion of the sale, the chief financial officer directly owned 18,473 shares in the company, valued at approximately $3,892,261.10. This trade represents a 47.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the transaction, the director directly owned 3,888 shares of the company's stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 876,258 shares of company stock valued at $179,141,707 over the last quarter. Company insiders own 0.70% of the company's stock.
Institutional Investors Weigh In On Gulfport Energy
Large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company's stock valued at $98,892,000 after buying an additional 458,156 shares during the period. Millennium Management LLC grew its position in shares of Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company's stock worth $77,104,000 after buying an additional 395,197 shares during the period. Goldentree Asset Management LP acquired a new stake in shares of Gulfport Energy during the 3rd quarter worth approximately $44,665,000. Ninepoint Partners LP bought a new stake in shares of Gulfport Energy in the 4th quarter valued at $41,598,000. Finally, Victory Capital Management Inc. increased its stake in shares of Gulfport Energy by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company's stock valued at $109,692,000 after acquiring an additional 176,386 shares in the last quarter.
Key Stories Impacting Gulfport Energy
Here are the key news stories impacting Gulfport Energy this week:
Gulfport Energy Company Profile
(
Get Free Report)
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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