Gulfport Energy (NYSE:GPOR) Price Target Raised to $230.00

Gulfport Energy (NYSE:GPOR) had its price objective increased by KeyCorp from $205.00 to $230.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

GPOR has been the topic of several other research reports. Mizuho decreased their price objective on Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Evercore ISI lowered their price objective on Gulfport Energy from $193.00 to $190.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. William Blair initiated coverage on shares of Gulfport Energy in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Gulfport Energy in a report on Thursday, October 23rd. They set a “buy” rating and a $250.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $221.25.

Gulfport Energy Stock Performance

Shares of GPOR opened at $211.63 on Monday. Gulfport Energy has a fifty-two week low of $153.27 and a fifty-two week high of $215.57. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -29.47 and a beta of 0.62. The business has a 50 day simple moving average of $182.98. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42.

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

Insider Buying and Selling at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the transaction, the director directly owned 4,288 shares in the company, valued at $735,692.16. This trade represents a 12.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Gulfport Energy

A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. GW&K Investment Management LLC boosted its stake in Gulfport Energy by 13.1% during the 3rd quarter. GW&K Investment Management LLC now owns 114,191 shares of the company’s stock valued at $20,667,000 after purchasing an additional 13,220 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Gulfport Energy by 67.9% in the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after purchasing an additional 142,002 shares during the last quarter. Rafferty Asset Management LLC grew its position in Gulfport Energy by 31.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 23,428 shares of the company’s stock worth $4,240,000 after purchasing an additional 5,592 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Gulfport Energy during the 3rd quarter valued at $148,000. Finally, Gemsstock Ltd. raised its stake in Gulfport Energy by 140.6% during the 3rd quarter. Gemsstock Ltd. now owns 188,174 shares of the company’s stock valued at $34,056,000 after buying an additional 109,979 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.