J.P. Morgan Keeps Their Buy Rating on Gulfport Energy (GPOR)

In a report released yesterday, Zach Parham from J.P. Morgan maintained a Buy rating on Gulfport Energy, with a price target of $228.00. The company’s shares closed yesterday at $208.66.

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According to TipRanks, Parham is a 4-star analyst with an average return of 8.5% and a 64.74% success rate. Parham covers the Energy sector, focusing on stocks such as Expand Energy, Matador Resources, and Valero Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gulfport Energy with a $232.29 average price target, representing an 11.32% upside. In a report released on February 25, TipRanks – Google also upgraded the stock to a Buy with a $223.00 price target.

Based on Gulfport Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $555.18 million and a net profit of $132.42 million. In comparison, last year the company earned a revenue of $284.83 million and had a GAAP net loss of $273.24 million

Based on the recent corporate insider activity of 57 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, Lester Zitkus, the SVP, Land of GPOR sold 4,745.00 shares for a total of $881,087.70.