Gulfport Energy (NYSE:GPOR – Get Free Report)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Tuesday, Benzinga reports. They currently have a $194.00 target price on the stock, down from their prior target price of $240.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.43% from the stock’s current price.
Other research analysts have also issued research reports about the stock. UBS Group dropped their price target on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. Weiss Ratings lowered Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Zacks Research cut Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Truist Financial cut their target price on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $219.22.
Check Out Our Latest Stock Report on Gulfport Energy
Gulfport Energy Trading Down 0.3%
Gulfport Energy (NYSE:GPOR – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $1.03. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. The company had revenue of $323.23 million during the quarter. On average, analysts expect that Gulfport Energy will post 22.25 EPS for the current year.
Insider Buying and Selling at Gulfport Energy
In related news, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the transaction, the chief accounting officer directly owned 2,130 shares of the company’s stock, valued at $389,129.70. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. purchased 1,600 shares of Gulfport Energy stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the transaction, the chief executive officer owned 24,349 shares in the company, valued at $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Gulfport Energy
Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its stake in shares of Gulfport Energy by 16,390.6% during the second quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company’s stock valued at $526,026,000 after acquiring an additional 3,080,943 shares during the period. Assenagon Asset Management S.A. increased its position in Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock worth $98,892,000 after purchasing an additional 458,156 shares during the period. Millennium Management LLC raised its holdings in Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock worth $77,104,000 after purchasing an additional 395,197 shares during the last quarter. Ninepoint Partners LP bought a new stake in Gulfport Energy during the 4th quarter worth about $41,598,000. Finally, Victory Capital Management Inc. lifted its position in Gulfport Energy by 50.3% during the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after purchasing an additional 176,386 shares during the period.
Gulfport Energy Company Profile
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.
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