Gulfport Energy (NYSE:GPOR) Price Target Raised to $251.00

Key Points

• Mizuho raised its price target on Gulfport Energy to $251 (from $248) while keeping a "neutral" rating, implying roughly a 35.65% upside from the current share price.
• Gulfport reported a blowout quarter, posting EPS of $999.00 versus a $7.70 estimate and revenue of $437.53 million versus $383.00 million, with a 30.01% net margin and 21.85% ROE.
• Despite a consensus "Moderate Buy" and an average analyst target of $231.33, the stock traded at $185.04 midday, and insiders have sold heavily — 876,258 shares (~$179.1M) in the last 90 days, leaving insiders with just 0.70% ownership.

Gulfport Energy (NYSE:GPOR - Get Free Report) had its price target lifted by stock analysts at Mizuho from $248.00 to $251.00 in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a "neutral" rating on the stock. Mizuho's price target would suggest a potential upside of 35.65% from the company's current price.

Several other equities research analysts also recently issued reports on GPOR. JPMorgan Chase & Co. raised their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an "overweight" rating in a research note on Monday, March 16th. Truist Financial initiated coverage on shares of Gulfport Energy in a research note on Tuesday, March 24th. They issued a "hold" rating and a $230.00 price objective on the stock. Bank of America raised their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Wall Street Zen downgraded shares of Gulfport Energy from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, Zacks Research upgraded shares of Gulfport Energy from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $231.33.

Gulfport Energy Stock Performance

GPOR stock traded down $10.20 during midday trading on Wednesday, hitting $185.04. 97,487 shares of the company traded hands, compared to its average volume of 329,797. Gulfport Energy has a twelve month low of $160.95 and a twelve month high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The business has a 50 day simple moving average of $200.75 and a 200-day simple moving average of $199.90. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.95 and a beta of 0.46.

Gulfport Energy (NYSE:GPOR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.70 by $991.30. The business had revenue of $437.53 million for the quarter, compared to the consensus estimate of $383.00 million. Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%. As a group, equities research analysts predict that Gulfport Energy will post 24.31 earnings per share for the current year.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Sluiter sold 9,933 shares of Gulfport Energy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $210.00, for a total value of $2,085,930.00. Following the transaction, the senior vice president directly owned 11,980 shares of the company's stock, valued at approximately $2,515,800. The trade was a 45.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 876,258 shares of company stock valued at $179,141,707. Insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc lifted its holdings in shares of Gulfport Energy by 20,951.9% during the third quarter. IFP Advisors Inc now owns 10,947 shares of the company's stock valued at $1,981,000 after acquiring an additional 10,895 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Gulfport Energy during the fourth quarter valued at $2,478,000. Victory Capital Management Inc. lifted its holdings in shares of Gulfport Energy by 67.9% during the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company's stock valued at $63,525,000 after acquiring an additional 142,002 shares during the period. Coastal Bridge Advisors LLC bought a new position in shares of Gulfport Energy in the third quarter valued at about $1,837,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Gulfport Energy in the third quarter valued at about $13,574,000.

About Gulfport Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.