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

In a report released on December 26, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Gulfport Energy, with a price target of $260.00. The company’s shares closed last Friday at $210.18.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 16.5% and a 55.21% success rate. Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Infinity Natural Resources, Inc. Class A, and Civitas Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gulfport Energy with a $233.33 average price target, implying an 11.01% upside from current levels. In a report released on December 12, UBS also maintained a Buy rating on the stock with a $264.00 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 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, David Wolf, a Director at GPOR sold 1,525.00 shares for a total of $320,661.75.