Gulfport Energy Corporation (NYSE:GPOR) Given Consensus Rating of “Buy” by Brokerages

Shares of Gulfport Energy Corporation (NYSE:GPOR) have been assigned an average rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $231.00.

Several brokerages have recently commented on GPOR. Bank of America boosted their price target on Gulfport Energy from $217.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. KeyCorp reissued an “overweight” rating and set a $215.00 price target (up previously from $205.00) on shares of Gulfport Energy in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price target on Gulfport Energy from $208.00 to $236.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, July 7th. Finally, UBS Group set a $255.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th.

Gulfport Energy Stock Down 0.1%

Shares of GPOR stock opened at $189.18 on Friday. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -10.62 and a beta of 0.64. Gulfport Energy has a 1 year low of $130.02 and a 1 year high of $210.32. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.43 and a current ratio of 0.43.

Insider Transactions at Gulfport Energy

In other news, CAO Matthew Willrath sold 633 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $193.83, for a total value of $122,694.39. Following the sale, the chief accounting officer owned 2,342 shares in the company, valued at approximately $453,949.86. This represents a 21.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jason Joseph Martinez sold 700 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total transaction of $135,583.00. Following the sale, the director owned 4,888 shares in the company, valued at approximately $946,756.72. This trade represents a 12.53% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Several large investors have recently made changes to their positions in GPOR. Canoe Financial LP bought a new position in shares of Gulfport Energy in the second quarter valued at approximately $13,257,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Gulfport Energy by 337.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock valued at $12,412,000 after acquiring an additional 47,600 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Gulfport Energy by 243.6% in the second quarter. Assenagon Asset Management S.A. now owns 42,763 shares of the company’s stock valued at $8,603,000 after acquiring an additional 30,317 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Gulfport Energy in the second quarter valued at approximately $2,589,000. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of Gulfport Energy by 84.4% in the second quarter. Miller Howard Investments Inc. NY now owns 24,380 shares of the company’s stock valued at $4,905,000 after acquiring an additional 11,157 shares in the last quarter.

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.