Shares of Gulfport Energy Co. (NASDAQ:GPOR) traded down 9.2% during trading on Friday . The stock traded as low as $2.37 and last traded at $2.37, 2,410,892 shares changed hands during trading. A decline of 44% from the average session volume of 4,304,107 shares. The stock had previously closed at $2.61.
Several analysts have commented on the stock. Williams Capital reissued a “hold” rating and set a $3.00 price target on shares of Gulfport Energy in a research report on Friday, November 1st. Imperial Capital decreased their price target on shares of Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. ValuEngine raised shares of Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co increased their price target on shares of Gulfport Energy from $5.00 to $6.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Finally, SunTrust Banks lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from $6.00 to $3.00 in a research report on Friday, November 15th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.64.
The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day simple moving average of $2.90 and a two-hundred day simple moving average of $3.76. The firm has a market cap of $425.39 million, a PE ratio of 1.30, a P/E/G ratio of 0.14 and a beta of 0.90.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Gulfport Energy had a return on equity of 5.88% and a net margin of 25.83%. The business had revenue of $285.18 million for the quarter, compared to analyst estimates of $335.10 million. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s revenue was down 21.0% on a year-over-year basis. As a group, research analysts predict that Gulfport Energy Co. will post 0.96 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of GPOR. State Street Corp lifted its stake in Gulfport Energy by 9.1% during the 3rd quarter. State Street Corp now owns 10,483,714 shares of the oil and gas producer’s stock valued at $28,411,000 after acquiring an additional 871,753 shares during the period. JPMorgan Chase & Co. lifted its stake in Gulfport Energy by 135.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,365,656 shares of the oil and gas producer’s stock valued at $31,000,000 after acquiring an additional 3,660,115 shares during the period. Schroder Investment Management Group lifted its stake in Gulfport Energy by 9.1% during the 2nd quarter. Schroder Investment Management Group now owns 4,585,770 shares of the oil and gas producer’s stock valued at $22,516,000 after acquiring an additional 380,582 shares during the period. Shah Capital Management lifted its stake in Gulfport Energy by 820.5% during the 3rd quarter. Shah Capital Management now owns 4,000,000 shares of the oil and gas producer’s stock valued at $10,840,000 after acquiring an additional 3,565,467 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in Gulfport Energy by 62.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,392,239 shares of the oil and gas producer’s stock valued at $11,746,000 after acquiring an additional 915,199 shares during the period. Institutional investors own 94.66% of the company’s stock.
About Gulfport Energy (NASDAQ:GPOR)
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.
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