Gulfport Energy (NYSE:GPOR) Now Covered by William Blair

Key Points

• Analysts at William Blair have initiated coverage of Gulfport Energy (NYSE:GPOR) with an outperform rating.
• Gulfport Energy's stock has seen multiple upgrades, with analysts from Bank of America and JPMorgan Chase & Co. adjusting their target prices to $218.00 and $236.00, respectively.
• The company recently reported earnings per share (EPS) of $4.06, missing the consensus estimate of $4.91, while revenue significantly exceeded expectations at $447.62 million.

Stock analysts at William Blair initiated coverage on shares of Gulfport Energy (NYSE:GPOR - Get Free Report) in a report released on Monday, Marketbeat reports. The brokerage set an "outperform" rating on the stock.

GPOR has been the subject of several other reports. KeyCorp restated an "overweight" rating and set a $215.00 target price (up from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. Wall Street Zen raised Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group dropped their price target on Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price objective on Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, TD Cowen raised shares of Gulfport Energy to a "strong-buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $224.00.

Gulfport Energy Price Performance

Gulfport Energy stock traded down $2.49 during mid-day trading on Monday, reaching $174.05. The company had a trading volume of 233,293 shares, compared to its average volume of 251,754. Gulfport Energy has a 1 year low of $135.84 and a 1 year high of $210.32. The company has a market cap of $3.06 billion, a P/E ratio of -24.24 and a beta of 0.62. The business's 50-day simple moving average is $177.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $4.06 earnings per share for the quarter, missing the consensus estimate of $4.91 by ($0.85). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The firm had revenue of $447.62 million during the quarter, compared to analysts' expectations of $334.57 million.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 700 shares of the 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 in the company, valued at $946,756.72. This represents a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.62% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in Gulfport Energy by 49.3% during the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company's stock worth $113,700,000 after buying an additional 186,531 shares during the last quarter. State Street Corp lifted its stake in Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company's stock worth $97,056,000 after purchasing an additional 8,668 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Gulfport Energy by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company's stock worth $80,630,000 after purchasing an additional 36,953 shares during the last quarter. Geode Capital Management LLC lifted its stake in Gulfport Energy by 10.5% during the second quarter. Geode Capital Management LLC now owns 332,557 shares of the company's stock worth $66,912,000 after purchasing an additional 31,682 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Gulfport Energy by 10.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 188,768 shares of the company's stock worth $37,974,000 after buying an additional 17,915 shares during 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.