Gulfport Energy (NYSE:GPOR) Issues Quarterly Earnings Results, Misses Expectations By $1.51 EPS

Gulfport Energy (NYSE:GPOR) released its quarterly earnings data on Tuesday. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51), Zacks reports. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

Gulfport Energy Stock Up 1.2%

Shares of GPOR opened at $197.38 on Wednesday. The company has a market capitalization of $3.47 billion, a P/E ratio of -27.49 and a beta of 0.62. The firm’s 50 day moving average price is $179.33. Gulfport Energy has a twelve month low of $138.09 and a twelve month high of $210.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GPOR shares. Jefferies Financial Group assumed coverage on Gulfport Energy in a research report on Thursday, October 23rd. They set a “buy” rating and a $250.00 target price for the company. KeyCorp lowered their price target on shares of Gulfport Energy from $215.00 to $205.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. UBS Group dropped their price target on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Mizuho dropped their target price on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Gulfport Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and a consensus target price of $215.63.

Insider Activity at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the sale, the director directly owned 4,288 shares in the company, valued at approximately $735,692.16. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds have recently added to or reduced their stakes in the stock. Rafferty Asset Management LLC lifted its holdings in Gulfport Energy by 0.6% in the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after acquiring an additional 108 shares during the period. California State Teachers Retirement System lifted its position in Gulfport Energy by 1.7% during the second quarter. California State Teachers Retirement System now owns 14,871 shares of the company’s stock valued at $2,992,000 after purchasing an additional 253 shares in the last quarter. Ieq Capital LLC grew its holdings in Gulfport Energy by 313.0% during the second quarter. Ieq Capital LLC now owns 10,763 shares of the company’s stock valued at $2,165,000 after purchasing an additional 8,157 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Gulfport Energy by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,827 shares of the company’s stock valued at $1,776,000 after acquiring an additional 380 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Gulfport Energy by 10.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,351 shares of the company’s stock worth $1,680,000 after acquiring an additional 799 shares in the last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.