Gulfport Energy (NYSE:GPOR) Sets New 12-Month High - Here's Why

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $203.74 and last traded at $203.07, with a volume of 6550 shares trading hands. The stock had previously closed at $199.93.

Analysts Set New Price Targets

A number of brokerages have recently commented on GPOR. Bank of America lifted their price target on Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, June 11th. Finally, KeyCorp reissued 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.

Gulfport Energy Price Performance

The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -11.35 and a beta of 0.64. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.45.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, 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 sale, the chief accounting officer now owns 2,342 shares of the company's stock, valued at approximately $453,949.86. The trade was a 21.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jason Joseph Martinez sold 700 shares of the 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 transaction, the director now directly owns 4,888 shares of the company's stock, valued at $946,756.72. This represents a 12.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On Gulfport Energy

An institutional investor recently bought a new position in Gulfport Energy stock. Strs Ohio bought a new position in shares of Gulfport Energy Corporation (NYSE:GPOR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,300 shares of the company's stock, valued at approximately $239,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.