Piper Jaffray Companies reissued their buy rating on shares of Gulfport Energy (NASDAQ:GPOR) in a report released on Tuesday morning. They currently have a $20.00 target price on the oil and gas producer’s stock.
A number of other equities analysts have also recently commented on the company. ValuEngine cut Gulfport Energy from a buy rating to a hold rating in a report on Sunday, December 31st. Barclays reissued a hold rating and set a $15.00 price target on shares of Gulfport Energy in a report on Sunday, December 24th. Williams Capital set a $18.00 price target on Gulfport Energy and gave the stock a buy rating in a report on Thursday, December 21st. JPMorgan Chase & Co. raised Gulfport Energy from a neutral rating to an overweight rating and set a $18.00 price target for the company in a report on Friday, December 15th. Finally, Morgan Stanley reissued an underweight rating and set a $13.00 price target on shares of Gulfport Energy in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $20.86.
Shares of Gulfport Energy (NASDAQ GPOR) traded up $0.34 during midday trading on Tuesday, reaching $13.36. The company’s stock had a trading volume of 2,171,859 shares, compared to its average volume of 3,085,278. The firm has a market cap of $2,440.00, a PE ratio of -49.48, a PEG ratio of 0.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. Gulfport Energy has a 52-week low of $10.90 and a 52-week high of $22.35.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The business had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. During the same period last year, the firm posted $0.16 EPS. Gulfport Energy’s quarterly revenue was up 37.1% on a year-over-year basis. equities research analysts expect that Gulfport Energy will post 1.36 earnings per share for the current fiscal year.
In related news, VP Steve Baldwin sold 4,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.17, for a total transaction of $48,680.00. Following the sale, the vice president now owns 32,634 shares in the company, valued at approximately $397,155.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert Alan Jones sold 5,700 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.15, for a total value of $69,255.00. Following the sale, the senior vice president now owns 44,827 shares in the company, valued at approximately $544,648.05. The disclosure for this sale can be found here. Insiders have sold a total of 151,253 shares of company stock worth $1,839,219 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in shares of Gulfport Energy by 8,800.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,800 shares of the oil and gas producer’s stock valued at $227,000 after buying an additional 17,600 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Gulfport Energy in the 3rd quarter valued at about $223,000. GeoSphere Capital Management bought a new stake in shares of Gulfport Energy in the 3rd quarter valued at about $1,434,000. California Public Employees Retirement System grew its position in shares of Gulfport Energy by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock valued at $10,485,000 after buying an additional 13,888 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Gulfport Energy by 384.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 69,789 shares of the oil and gas producer’s stock valued at $1,001,000 after buying an additional 55,389 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.
About Gulfport Energy
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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