Gulfport Energy (NYSE:GPOR) Price Target Lowered to $227.00 at UBS Group

Gulfport Energy (NYSE:GPOR) had its price objective reduced by UBS Group from $240.00 to $227.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other analysts have also issued reports on GPOR. Wall Street Zen upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research note on Monday, July 7th. JPMorgan Chase & Co. boosted their target price on Gulfport Energy from $208.00 to $236.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Bank of America boosted their target price on Gulfport Energy from $217.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, KeyCorp restated an “overweight” rating and issued a $215.00 target price (up from $205.00) on shares of Gulfport Energy in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $224.00.

Gulfport Energy Price Performance

Shares of GPOR opened at $169.21 on Wednesday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -23.57 and a beta of 0.62. The company has a fifty day moving average price of $180.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51. Gulfport Energy has a 1 year low of $135.84 and a 1 year high of $210.32.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.91 by ($0.85). The firm had revenue of $447.62 million during 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 Buying and Selling at Gulfport Energy

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

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Jennison Associates LLC grew its position in Gulfport Energy by 49.3% during the second quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after buying an additional 186,531 shares in the last quarter. Alliancebernstein L.P. grew its position in Gulfport Energy by 328.6% during the second quarter. Alliancebernstein L.P. now owns 131,926 shares of the company’s stock worth $26,540,000 after buying an additional 101,146 shares in the last quarter. Canoe Financial LP purchased a new position in Gulfport Energy during the second quarter worth about $13,257,000. Schroder Investment Management Group purchased a new position in Gulfport Energy during the second quarter worth about $11,736,000. Finally, Sei Investments Co. grew its position in Gulfport Energy by 219.7% during the second quarter. Sei Investments Co. now owns 69,708 shares of the company’s stock worth $14,023,000 after buying an additional 47,907 shares in 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.