Evercore ISI Increases Gulfport Energy (NYSE:GPOR) Price Target to $210.00

Gulfport Energy (NYSE:GPOR) had its price target lifted by equities researchers at Evercore ISI from $190.00 to $210.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential upside of 2.90% from the stock’s current price.

Several other research analysts have also recently weighed in on GPOR. Weiss Ratings reissued a “hold (c-)” rating on shares of Gulfport Energy in a research report on Wednesday, October 8th. Mizuho dropped their price target on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. UBS Group reduced their price target on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, William Blair started coverage on Gulfport Energy in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $221.25.

Gulfport Energy Stock Performance

Shares of NYSE:GPOR traded up $2.17 during midday trading on Monday, reaching $204.08. 22,926 shares of the company’s stock traded hands, compared to its average volume of 257,276. The company has a fifty day simple moving average of $180.81. Gulfport Energy has a 1 year low of $153.27 and a 1 year high of $210.32. The stock has a market cap of $3.58 billion, a P/E ratio of -28.42 and a beta of 0.62. 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 (NYSE:GPOR) last issued its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($1.51). The company had revenue of $379.75 million for the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Insider Activity

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction that occurred 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 represents a 12.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Large investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its stake in shares of Gulfport Energy by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock worth $1,035,000 after buying an additional 83 shares during the period. Rafferty Asset Management LLC boosted its holdings in Gulfport Energy by 0.6% in the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after purchasing an additional 108 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Gulfport Energy by 7.1% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock valued at $359,000 after purchasing an additional 119 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Gulfport Energy by 4.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock worth $551,000 after purchasing an additional 121 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after buying an additional 127 shares during 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.