Gulfport Energy (NYSE:GPOR) Price Target Lowered to $214.00 at UBS Group

Gulfport Energy (NYSE:GPOR) had its target price lowered by analysts at UBS Group from $223.00 to $214.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 37.38% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings cut shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Finally, Truist Financial cut their price objective on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $223.11.

Gulfport Energy Price Performance

Gulfport Energy stock traded up $0.02 during mid-day trading on Wednesday, hitting $155.77. 533,950 shares of the company were exchanged, compared to its average volume of 358,183. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The business’s 50 day simple moving average is $161.90 and its two-hundred day simple moving average is $184.30. The company has a market capitalization of $2.80 billion, a P/E ratio of 5.32 and a beta of 0.41. Gulfport Energy has a 12-month low of $149.18 and a 12-month high of $225.78.

Institutional Trading of Gulfport Energy

A number of hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Gulfport Energy by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after acquiring an additional 181 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Gulfport Energy by 14.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock worth $17,631,000 after acquiring an additional 12,327 shares during the last quarter. Intech Investment Management LLC grew its holdings in Gulfport Energy by 11.6% in the first quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock valued at $1,178,000 after purchasing an additional 665 shares during the period. Cetera Investment Advisers grew its holdings in Gulfport Energy by 16.7% in the second quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock valued at $308,000 after purchasing an additional 219 shares during the period. Finally, Prudential Financial Inc. acquired a new position in Gulfport Energy during the second quarter worth approximately $400,000.

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.