Gulfport Energy (GPOR) Receives a Buy from Siebert Williams Shank & Co

In a report released on December 19, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Buy rating on Gulfport Energy, with a price target of $260.00. The company’s shares closed yesterday at $201.26.

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Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Infinity Natural Resources, Inc. Class A, and Comstock Resources. According to TipRanks, Sorbara has an average return of 16.5% and a 55.21% success rate on recommended stocks.

In addition to Siebert Williams Shank & Co, Gulfport Energy also received a Buy from UBS’s Peyton Dorne in a report issued on December 12. However, on the same day, Mizuho Securities maintained a Hold rating on Gulfport Energy (NYSE: GPOR).

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 46 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, Timothy J. Cutt, a Director at GPOR sold 2,635.00 shares for a total of $554,535.75.