KeyCorp assumed coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a research note published on Tuesday, MarketBeat reports. The brokerage issued a sector weight rating on the oil and gas producer’s stock. KeyCorp also issued estimates for Gulfport Energy’s Q4 2018 earnings at $0.66 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.49 EPS and FY2019 earnings at $1.47 EPS.
Several other brokerages have also issued reports on GPOR. BidaskClub raised Gulfport Energy from a sell rating to a hold rating in a research note on Friday, September 21st. Piper Jaffray Companies set a $13.00 price target on Gulfport Energy and gave the company a buy rating in a research note on Monday, October 8th. Zacks Investment Research raised Gulfport Energy from a hold rating to a buy rating and set a $12.00 price target on the stock in a research note on Tuesday, October 16th. Oppenheimer assumed coverage on Gulfport Energy in a research note on Wednesday, October 3rd. They issued an outperform rating and a $18.00 price target on the stock. Finally, Williams Capital set a $16.00 price objective on Gulfport Energy and gave the company a buy rating in a report on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. Gulfport Energy presently has a consensus rating of Hold and a consensus price target of $12.52.
Shares of Gulfport Energy stock traded down $0.01 during midday trading on Tuesday, reaching $8.07. The company had a trading volume of 84,693 shares, compared to its average volume of 4,507,405. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $1.38 billion, a P/E ratio of 5.69, a P/E/G ratio of 0.41 and a beta of 0.71. Gulfport Energy has a fifty-two week low of $6.18 and a fifty-two week high of $13.44.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.11. The company had revenue of $360.96 million for the quarter, compared to analyst estimates of $360.39 million. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. Equities analysts anticipate that Gulfport Energy will post 1.82 earnings per share for the current fiscal year.
In related news, Director Paul D. Westerman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $8.44 per share, for a total transaction of $84,400.00. Following the completion of the acquisition, the director now owns 56,689 shares of the company’s stock, valued at approximately $478,455.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GPOR. First Hawaiian Bank purchased a new position in Gulfport Energy in the fourth quarter worth $45,000. Dupont Capital Management Corp purchased a new position in shares of Gulfport Energy during the 3rd quarter valued at $103,000. Riverhead Capital Management LLC purchased a new position in shares of Gulfport Energy during the 3rd quarter valued at $147,000. Alambic Investment Management L.P. purchased a new position in shares of Gulfport Energy during the 3rd quarter valued at $149,000. Finally, Acadian Asset Management LLC lifted its position in shares of Gulfport Energy by 91.0% during the 3rd quarter. Acadian Asset Management LLC now owns 15,338 shares of the oil and gas producer’s stock valued at $160,000 after buying an additional 7,308 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
About Gulfport Energy
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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