Mizuho Issues Pessimistic Forecast for Gulfport Energy (NYSE:GPOR) Stock Price

Key Points

• Mizuho has reduced its price target for Gulfport Energy (NYSE: GPOR) from $227.00 to $199.00, maintaining a "neutral" rating, which suggests a potential upside of 14.84% from the current stock price.
• Multiple analysts have varying ratings for the stock, with one Strong Buy, five Buy, one Hold, and one Sell, resulting in a consensus rating of "Moderate Buy" and an average target price of $217.00.
• Gulfport Energy's earnings report revealed a miss in earnings per share of $4.06 compared to the consensus estimate of $4.91, leading to a negative net margin of 9.14%.

Gulfport Energy (NYSE:GPOR - Get Free Report) had its price objective dropped by Mizuho from $227.00 to $199.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Mizuho's price objective would indicate a potential upside of 14.84% from the stock's current price.

GPOR has been the topic of several other reports. Bank of America raised their price target on Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. UBS Group lowered their target price on Gulfport Energy from $240.00 to $227.00 and set a "buy" rating on the stock in a research report on Wednesday, August 20th. Zacks Research downgraded Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 9th. KeyCorp lowered their target price on Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. increased their price target on Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $217.00.

Gulfport Energy Trading Down 0.4%

NYSE GPOR traded down $0.71 on Monday, reaching $173.29. The stock had a trading volume of 87,352 shares, compared to its average volume of 250,496. The company has a market capitalization of $3.04 billion, a P/E ratio of -24.14 and a beta of 0.62. The firm has a 50 day simple moving average of $173.14. Gulfport Energy has a 1 year low of $136.45 and a 1 year high of $210.32. 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 announced its earnings results 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). The business had revenue of $447.62 million for the quarter, compared to the consensus estimate of $334.57 million. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

Insider Transactions at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 600 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the sale, the director directly owned 4,288 shares in the company, valued at $735,692.16. This trade represents a 12.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.62% of the company's stock.

Institutional Trading of Gulfport Energy

Several hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new position in shares of Gulfport Energy during the 1st quarter worth about $239,000. Rhumbline Advisers raised its holdings in shares of Gulfport Energy by 1.2% in the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after purchasing an additional 248 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Gulfport Energy by 337.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock valued at $12,412,000 after purchasing an additional 47,600 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at about $263,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at about $557,000.

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.

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