Gulfport Energy Corporation (NYSE:GPOR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Gulfport Energy Corporation (NYSE:GPOR) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $230.2222.

A number of equities research analysts have recently issued reports on GPOR shares. Bank of America upped their price objective on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings cut shares of Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Truist Financial lowered their target price on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, May 8th. UBS Group dropped their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Finally, Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th.

Institutional Investors Weigh In On Gulfport Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in Gulfport Energy during the first quarter worth about $362,000. Bank of America Corp DE raised its stake in Gulfport Energy by 50.3% in the first quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after buying an additional 50,968 shares during the period. Janus Henderson Group PLC raised its stake in Gulfport Energy by 4.2% in the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock valued at $47,323,000 after buying an additional 9,095 shares during the period. California State Teachers Retirement System lifted its position in shares of Gulfport Energy by 25.3% in the first quarter. California State Teachers Retirement System now owns 18,797 shares of the company’s stock valued at $3,977,000 after buying an additional 3,798 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Gulfport Energy by 19.0% in the first quarter. Royal Bank of Canada now owns 6,839 shares of the company’s stock valued at $1,448,000 after buying an additional 1,090 shares during the last quarter.

Gulfport Energy Stock Performance

GPOR opened at $168.75 on Friday. The business’s 50-day simple moving average is $174.09 and its 200 day simple moving average is $190.73. Gulfport Energy has a 52-week low of $158.91 and a 52-week high of $225.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $3.03 billion, a PE ratio of 5.77 and a beta of 0.41.

About Gulfport Energy

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.