Several other research analysts have also weighed in on the stock. Tudor Pickering upgraded shares of Gulfport Energy from a hold rating to a buy rating in a research note on Friday, January 18th. MKM Partners set a $9.00 target price on shares of Gulfport Energy and gave the company a hold rating in a research note on Friday, March 1st. Morgan Stanley set a $7.00 target price on shares of Gulfport Energy and gave the company a sell rating in a research note on Tuesday, January 29th. Guggenheim lowered shares of Gulfport Energy from a buy rating to a neutral rating and set a $8.43 target price on the stock. in a research note on Tuesday, January 29th. Finally, KeyCorp began coverage on shares of Gulfport Energy in a research note on Tuesday, January 8th. They issued a sector weight rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $11.68.
Gulfport Energy stock traded up $0.07 during trading hours on Wednesday, hitting $7.40. The company had a trading volume of 2,083,381 shares, compared to its average volume of 3,856,258. The firm has a market cap of $1.19 billion, a PE ratio of 4.04, a P/E/G ratio of 0.45 and a beta of 0.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.34. Gulfport Energy has a fifty-two week low of $6.18 and a fifty-two week high of $13.41.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $320.58 million for the quarter, compared to analyst estimates of $313.11 million. Gulfport Energy had a net margin of 29.83% and a return on equity of 8.28%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. Equities analysts anticipate that Gulfport Energy will post 1.16 EPS for the current fiscal year.
In related news, CEO David M. Wood purchased 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $8.06 per share, with a total value of $80,600.00. Following the acquisition, the chief executive officer now directly owns 360,610 shares in the company, valued at $2,906,516.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Gulfport Energy by 28.8% during the 4th quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock worth $160,873,000 after buying an additional 5,492,062 shares during the period. Norges Bank bought a new position in Gulfport Energy during the 4th quarter worth approximately $17,417,000. Oslo Asset Management AS boosted its stake in Gulfport Energy by 73.1% during the 4th quarter. Oslo Asset Management AS now owns 5,234,914 shares of the oil and gas producer’s stock worth $34,289,000 after acquiring an additional 2,210,800 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Gulfport Energy by 76.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,414,119 shares of the oil and gas producer’s stock worth $45,952,000 after acquiring an additional 1,916,848 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Gulfport Energy during the 1st quarter worth approximately $8,278,000. 97.60% of the stock is owned by hedge funds and other institutional investors.
Gulfport Energy Company Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.
Recommended Story: What is the Book Value of a Share?
Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.