KeyCorp Forecasts Strong Price Appreciation for Gulfport Energy (NYSE:GPOR) Stock

Gulfport Energy (NYSE:GPOR) had its price objective raised by stock analysts at KeyCorp from $205.00 to $230.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 13.71% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Roth Capital assumed coverage on Gulfport Energy in a research report on Monday, October 13th. They set a “neutral” rating and a $200.00 price objective for the company. UBS Group dropped their target price on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Gulfport Energy Trading Up 3.1%

Shares of Gulfport Energy stock opened at $202.27 on Monday. Gulfport Energy has a 12 month low of $151.32 and a 12 month high of $210.32. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of -28.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s fifty day moving average price is $180.81.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($1.51). Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.The business had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the transaction, the director owned 4,288 shares in the company, valued at approximately $735,692.16. This represents a 12.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GPOR. Financial Consulate Inc. bought a new position in Gulfport Energy during the third quarter valued at approximately $31,000. Federated Hermes Inc. raised its stake in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after buying an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter. Toth Financial Advisory Corp bought a new position in shares of Gulfport Energy during the 2nd quarter valued at $85,000. Finally, Assetmark Inc. boosted its stake in shares of Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after buying an additional 168 shares during the last quarter.

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.