Gulfport Energy Corporation (NYSE:GPOR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $210.7143.

Several research firms recently weighed in on GPOR. JPMorgan Chase & Co. raised their target price on shares of Gulfport Energy from $208.00 to $236.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Roth Capital assumed coverage on shares of Gulfport Energy in a research note on Monday, October 13th. They issued a “neutral” rating and a $200.00 price objective for the company. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Wall Street Zen raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the sale, the director owned 4,288 shares in the company, valued at $735,692.16. This trade represents a 12.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Gulfport Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of GPOR. Jennison Associates LLC increased its stake in Gulfport Energy by 49.3% in the second quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after purchasing an additional 186,531 shares during the period. Alliancebernstein L.P. increased its stake in Gulfport Energy by 328.6% in the second quarter. Alliancebernstein L.P. now owns 131,926 shares of the company’s stock worth $26,540,000 after purchasing an additional 101,146 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new stake in Gulfport Energy in the third quarter worth $18,266,000. Pacer Advisors Inc. purchased a new stake in Gulfport Energy in the third quarter worth $13,418,000. Finally, Canoe Financial LP bought a new position in shares of Gulfport Energy during the 2nd quarter worth $13,257,000.

Gulfport Energy Stock Performance

GPOR opened at $177.55 on Friday. The stock has a market capitalization of $3.12 billion, a PE ratio of -24.73 and a beta of 0.62. The company’s fifty day moving average is $174.82. Gulfport Energy has a fifty-two week low of $136.45 and a fifty-two week high of $210.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Monday, February 28th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $298.62 million during the quarter. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

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.