Evercore ISI Issues Positive Forecast for Gulfport Energy (NYSE:GPOR) Stock Price

Gulfport Energy (NYSE:GPOR) had its price objective upped by analysts at Evercore ISI from $190.00 to $210.00 in a report issued on Monday,Benzinga reports. The firm currently 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.

Other equities research analysts have also recently issued research reports about the company. William Blair began coverage on Gulfport Energy in a report on Monday, August 25th. They issued an “outperform” rating on the stock. KeyCorp upped their price target on shares of Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a report on Monday. UBS Group cut their price objective on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Jefferies Financial Group began coverage on Gulfport Energy in a report on Thursday, October 23rd. They set a “buy” rating and a $250.00 target price on the stock. Finally, Zacks Research lowered shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.25.

Gulfport Energy Trading Up 1.1%

Shares of GPOR traded up $2.17 during mid-day trading on Monday, hitting $204.08. 22,926 shares of the company’s stock were exchanged, compared to its average volume of 257,276. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. Gulfport Energy has a fifty-two week low of $153.27 and a fifty-two week high of $210.32. The company has a 50 day simple moving average of $180.81. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -28.42 and a beta of 0.62.

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

Insider Transactions at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction 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 transaction, the director owned 4,288 shares in the company, valued at approximately $735,692.16. The trade was a 12.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Global Alpha Capital Management Ltd. increased its stake in shares of Gulfport Energy by 4.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock worth $32,823,000 after buying an additional 7,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Gulfport Energy during the second quarter worth $557,000. Jennison Associates LLC lifted its position in shares of Gulfport Energy by 49.3% in the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after buying an additional 186,531 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of Gulfport Energy during the 2nd quarter valued at about $1,114,000. Finally, Bryce Point Capital LLC acquired a new stake in Gulfport Energy during the second quarter worth about $907,000.

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.