Gulfport Energy (NYSE:GPOR) Hits New 52-Week Low – Here’s Why
by Tristan Rich · The Markets DailyShares of Gulfport Energy Corporation (NYSE:GPOR – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $159.00 and last traded at $162.2370, with a volume of 11755 shares traded. The stock had previously closed at $161.52.
Wall Street Analyst Weigh In
GPOR has been the subject of a number of research reports. Bank of America lifted their price target on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Truist Financial reduced their target price on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. One research 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 stock. According to MarketBeat, Gulfport Energy currently has an average rating of “Moderate Buy” and a consensus target price of $230.22.
Get Our Latest Research Report on GPOR
Gulfport Energy Price Performance
The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. The company’s fifty day moving average price is $177.85 and its 200 day moving average price is $192.97. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 5.52 and a beta of 0.41.
Insider Transactions at Gulfport Energy
In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction that occurred 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 completion of the transaction, the director directly owned 3,888 shares in the company, valued at $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Gulfport Energy
Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in Gulfport Energy during the 4th quarter valued at approximately $2,478,000. IFP Advisors Inc increased its position in Gulfport Energy by 20,951.9% in the third quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock worth $1,981,000 after buying an additional 10,895 shares during the period. Victory Capital Management Inc. lifted its stake in Gulfport Energy by 67.9% in the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock valued at $63,525,000 after buying an additional 142,002 shares during the last quarter. Vanguard Group Inc. lifted its stake in Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after buying an additional 68,664 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Gulfport Energy during the third quarter valued at $13,574,000.
About Gulfport Energy
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.