Silver Point Capital LP recently announced the acquisition of new stake in Gulfport Energy Corporation (NYSE:GPOR). The institutional investor has increased its shareholding in the Energy company by 0.02% to 8.6 million shares with purchase of 2127.0 shares. This fresh investment now brings its stake to 44.65% valued currently at $633.64 million. In addition, Whitebox Advisors LLC raised its holdings by 35000.0 to 0.7 million shares. And Aventail Capital Group LP has lifted its position by 0.08% or 431.0 shares – to 0.57 million shares.
With over 0.12 million Gulfport Energy Corporation (GPOR) shares trading Monday and a closing price of $79.82 on the day, the dollar volume was approximately $9.67 million. The shares have shown a negative half year performance of -4.50% and its price on 01/23/23 gained nearly 0.35%. Currently, there are 19.64M common shares owned by the public and among those 19.12M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for GPOR have a consensus price objective of $103.00. The analysts have set the share’s price value over the next 12 months at a high of $114.00 and a low of $92.00. The average price target is 22.5% above its recent price level and an upside to the estimated low will see the stock gain 13.24% over that period. But an upside of 29.98% will see the stock hit the forecast high price target while median target price for the stock is $103.00.
Insiders at the company have transacted a total of 8 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 25,111 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 10,034 shares.
The top 3 mutual fund holders in Gulfport Energy Corporation are FPA Crescent Fund, Janus Henderson Small Cap Value F, and Vanguard Total Stock Market Index. FPA Crescent Fund owns 0.53 million shares of the company’s stock, all valued at over $38.74 million. Janus Henderson Small Cap Value F bought 71438.0 shares to see its total holdings expand to 0.45 million shares valued at over $33.11 million and representing 2.33% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 1.72% of the shares outstanding.
Shares of Gulfport Energy Corporation (NYSE: GPOR) opened at $79.95, up $0.41 from a prior closing price of $79.54. However, the script later moved the day high at 81.61, up 0.35%. The company’s stock has a 5-day price change of -0.73% and -9.18% over the past three months. GPOR shares are trading 8.39% year to date (YTD), with the 12-month market performance up to 14.52% higher. It has a 12-month low price of $60.46 and touched a high of $108.10 over the same period. GPOR has an average intraday trading volume of 103.88K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.63%, 3.68%, and -8.78% respectively.
Institutional ownership of Gulfport Energy Corporation (NYSE: GPOR) 19.64M shares outstanding. Mutual fund holders own 48.34%, while other institutional holders and individual stakeholders account for 85.37% and 20.99% respectively.
It has a market capitalization of $1.60B. The stock’s trailing 12-month PE ratio is 5.36, while the earnings-per-share (ttm) stands at $14.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.16% over the week and 4.66% over the month.
Analysts forecast that Gulfport Energy Corporation (GPOR) will achieve an EPS of $4.31 for the current quarter, $4.85 for the next quarter and $26.72 for 2023. The lowest estimate earnings-per-share for the quarter is $3.75 while analysts give the company a high EPS estimate of $4.68. Comparatively, EPS for the current quarter was $3.5 a year ago. Earnings per share for the fiscal year are expected to increase by 164.10%, and 6.71% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Gulfport Energy Corporation (GPOR) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 3 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GPOR, a number of firms have released research notes about the stock. Mizuho stated their Neutral rating for the stock in a research note on January 10, 2023, with the firm’s price target at $92.
