Gulfport Energy (NYSE:GPOR) Reaches New 12-Month Low – Here’s What Happened

Shares of Gulfport Energy Corporation (NYSE:GPORGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $160.00 and last traded at $164.8710, with a volume of 5435 shares changing hands. The stock had previously closed at $166.41.

Analysts Set New Price Targets

Several research firms recently issued reports on GPOR. Bank of America upped their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. UBS Group dropped their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and a consensus target price of $230.22.

View Our Latest Analysis on Gulfport Energy

Gulfport Energy Price Performance

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 company has a 50-day simple moving average of $182.13 and a two-hundred day simple moving average of $194.98. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 5.60 and a beta of 0.41.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the sale, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This trade represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Gulfport Energy by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after purchasing an additional 181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 purchasing an additional 12,327 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Gulfport Energy by 11.6% in the first quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock worth $1,178,000 after purchasing an additional 665 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Gulfport Energy by 16.7% in the second quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock worth $308,000 after purchasing an additional 219 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Gulfport Energy in the second quarter worth $400,000.

Gulfport Energy Company Profile

(Get Free Report)

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.

Further Reading

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