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

Gulfport Energy (NYSE:GPORFree Report) had its price target trimmed by UBS Group from $223.00 to $214.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

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

View Our Latest Report on Gulfport Energy

Gulfport Energy Price Performance

Shares of GPOR opened at $162.39 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. Gulfport Energy has a 52-week low of $149.18 and a 52-week high of $225.78. The business’s 50 day moving average price is $161.20 and its two-hundred day moving average price is $183.85. The firm has a market cap of $2.87 billion, a PE ratio of 6.50 and a beta of 0.41.

Institutional Investors Weigh In On Gulfport Energy

Several large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division grew its stake in Gulfport Energy by 9.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock worth $160,000 after acquiring an additional 80 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Gulfport Energy during the 1st quarter worth approximately $362,000. Bank of America Corp DE raised its stake in shares of Gulfport Energy by 50.3% during the 1st quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock worth $32,201,000 after acquiring an additional 50,968 shares in the last quarter. Janus Henderson Group PLC lifted its position in Gulfport Energy by 4.2% during the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock valued at $47,323,000 after acquiring an additional 9,095 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Gulfport Energy by 25.3% in the first quarter. California State Teachers Retirement System now owns 18,797 shares of the company’s stock worth $3,977,000 after purchasing an additional 3,798 shares during the last quarter.

About Gulfport Energy

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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

Analyst Recommendations for Gulfport Energy (NYSE:GPOR)

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