Siebert Williams Shank & Co Reaffirms Their Buy Rating on Gulfport Energy (GPOR)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Gulfport Energy on November 28 and set a price target of $260.00. The company’s shares closed last Friday at $222.49.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 19.2% and a 58.06% success rate. Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Chord Energy, and Coterra Energy.

Currently, the analyst consensus on Gulfport Energy is a Moderate Buy with an average price target of $224.25, representing a 0.79% upside. In a report released on November 16, Jefferies also maintained a Buy rating on the stock with a $260.00 price target.

Based on Gulfport Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $307.64 million and a net profit of $111.39 million. In comparison, last year the company earned a revenue of $215.95 million and had a GAAP net loss of $13.97 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPOR in relation to earlier this year. Last month, David Wolf, a Director at GPOR sold 1,525.00 shares for a total of $320,661.75.