A number of other brokerages have also commented on GPOR. Imperial Capital cut their price target on shares of Gulfport Energy from $11.00 to $5.00 and set an outperform rating on the stock in a report on Friday, October 18th. Williams Capital reiterated a hold rating and set a $3.00 price target on shares of Gulfport Energy in a report on Friday, November 1st. US Capital Advisors lowered shares of Gulfport Energy from an overweight rating to a hold rating in a report on Thursday, January 9th. SunTrust Banks lowered shares of Gulfport Energy from a buy rating to a hold rating and cut their price target for the stock from $6.00 to $3.00 in a report on Friday, November 15th. Finally, Zacks Investment Research lowered shares of Gulfport Energy from a hold rating to a sell rating and set a $3.00 price target on the stock. in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Gulfport Energy has an average rating of Hold and a consensus target price of $6.22.
Shares of Gulfport Energy stock opened at $2.17 on Friday. Gulfport Energy has a fifty-two week low of $2.09 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $379.76 million, a P/E ratio of 1.19 and a beta of 0.93. The company’s 50 day moving average price is $2.74 and its two-hundred day moving average price is $3.09.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $285.18 million for the quarter, compared to analyst estimates of $335.10 million. Gulfport Energy had a net margin of 25.83% and a return on equity of 5.88%. Gulfport Energy’s revenue was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, analysts expect that Gulfport Energy will post 0.96 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in GPOR. Shah Capital Management raised its stake in Gulfport Energy by 820.5% during the third quarter. Shah Capital Management now owns 4,000,000 shares of the oil and gas producer’s stock worth $10,840,000 after buying an additional 3,565,467 shares during the last quarter. FMR LLC raised its stake in Gulfport Energy by 4,927,254.2% during the first quarter. FMR LLC now owns 1,182,565 shares of the oil and gas producer’s stock worth $9,484,000 after buying an additional 1,182,541 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Gulfport Energy by 62.0% during the second quarter. Nuveen Asset Management LLC now owns 2,392,239 shares of the oil and gas producer’s stock worth $11,746,000 after buying an additional 915,199 shares during the last quarter. State Street Corp raised its stake in Gulfport Energy by 9.1% during the third quarter. State Street Corp now owns 10,483,714 shares of the oil and gas producer’s stock worth $28,411,000 after buying an additional 871,753 shares during the last quarter. Finally, Caymus Capital Partners L.P. bought a new position in Gulfport Energy during the third quarter worth $2,294,000. 94.56% of the stock is owned by institutional investors and hedge funds.
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.
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