Gulfport Energy (NYSE:GPOR) Given New $236.00 Price Target at JPMorgan Chase & Co.

Gulfport Energy (NYSE:GPOR - Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $208.00 to $236.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 27.88% from the stock's previous close.

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

Gulfport Energy Stock Performance

Shares of NYSE GPOR traded up $8.62 during trading on Friday, reaching $184.55. 168,827 shares of the company traded hands, compared to its average volume of 250,477. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.28 billion, a PE ratio of -10.36 and a beta of 0.64. Gulfport Energy has a 52-week low of $130.02 and a 52-week high of $210.32.

Insider Activity at Gulfport Energy

In other news, CAO Matthew Willrath sold 633 shares of Gulfport Energy stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $193.83, for a total transaction of $122,694.39. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jason Joseph Martinez sold 700 shares of Gulfport Energy stock in a transaction that occurred 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 sale, the director owned 4,888 shares in the company, valued at approximately $946,756.72. The trade was a 12.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Gulfport Energy

Large investors have recently bought and sold shares of the business. Canoe Financial LP purchased a new position in Gulfport Energy during the second quarter worth $13,257,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Gulfport Energy by 337.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock worth $12,412,000 after buying an additional 47,600 shares during the period. Assenagon Asset Management S.A. boosted its stake in Gulfport Energy by 243.6% during the second quarter. Assenagon Asset Management S.A. now owns 42,763 shares of the company's stock worth $8,603,000 after buying an additional 30,317 shares during the period. Miller Howard Investments Inc. NY boosted its stake in Gulfport Energy by 84.4% during the second quarter. Miller Howard Investments Inc. NY now owns 24,380 shares of the company's stock worth $4,905,000 after buying an additional 11,157 shares during the period. Finally, Rhumbline Advisers boosted its stake in Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock worth $3,798,000 after buying an additional 248 shares during the period.

About Gulfport Energy

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.

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