JPMorgan Chase & Co. Issues Positive Forecast for Gulfport Energy (NYSE:GPOR) Stock Price

Gulfport Energy (NYSE:GPOR - Get Free Report) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $208.00 to $236.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 24.58% from the company's previous close.

A number of other brokerages have also weighed in on GPOR. UBS Group set a $255.00 target price on Gulfport Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. TD Cowen upgraded Gulfport Energy to a "strong-buy" rating in a research report on Monday, July 7th. KeyCorp reiterated an "overweight" rating and issued a $215.00 price objective (up from $205.00) on shares of Gulfport Energy in a research report on Thursday, May 22nd. Bank of America lifted their price objective on Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, June 11th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $231.00.

Gulfport Energy Stock Performance

Shares of NYSE:GPOR traded up $4.98 during midday trading on Friday, reaching $189.43. The company's stock had a trading volume of 206,211 shares, compared to its average volume of 251,399. Gulfport Energy has a fifty-two week low of $130.02 and a fifty-two week high of $210.32. The firm has a market cap of $3.37 billion, a PE ratio of -10.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.43 and a current ratio of 0.43.

Insider Transactions at Gulfport Energy

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

Hedge Funds Weigh In On Gulfport Energy

Institutional investors have recently modified their holdings of the business. Toth Financial Advisory Corp acquired a new stake in Gulfport Energy in the 2nd quarter valued at approximately $85,000. Strs Ohio acquired a new stake in Gulfport Energy in the 1st quarter valued at approximately $239,000. Pallas Capital Advisors LLC acquired a new stake in Gulfport Energy in the 2nd quarter valued at approximately $263,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Gulfport Energy in the 2nd quarter valued at approximately $557,000. Finally, Oliver Luxxe Assets LLC raised its position in Gulfport Energy by 1.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 11,245 shares of the company's stock valued at $2,262,000 after buying an additional 162 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.