Shares of Gulfport Energy Co. (NASDAQ:GPOR) gapped up before the market opened on Wednesday . The stock had previously closed at $4.54, but opened at $4.67. Gulfport Energy shares last traded at $4.81, with a volume of 3,739,644 shares trading hands.
GPOR has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 29th. MKM Partners set a $9.00 price target on shares of Gulfport Energy and gave the company a “hold” rating in a report on Friday, March 1st. Oppenheimer lowered shares of Gulfport Energy from an “outperform” rating to a “market perform” rating in a report on Friday, April 5th. TheStreet lowered shares of Gulfport Energy from a “c” rating to a “d+” rating in a research note on Wednesday, February 27th. Finally, CIBC reiterated a “market perform” rating on shares of Gulfport Energy in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.43.
The company has a market cap of $761.16 million, a PE ratio of 2.63, a price-to-earnings-growth ratio of 0.29 and a beta of 0.98. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $5.83.
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. On average, analysts forecast that Gulfport Energy Co. will post 1.19 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. boosted its holdings in Gulfport Energy by 119.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 366,957 shares of the oil and gas producer’s stock valued at $2,943,000 after purchasing an additional 200,000 shares during the period. First Trust Advisors LP boosted its holdings in Gulfport Energy by 24.1% in the 1st quarter. First Trust Advisors LP now owns 654,452 shares of the oil and gas producer’s stock valued at $5,249,000 after purchasing an additional 126,888 shares during the period. FMR LLC boosted its holdings in Gulfport Energy by 4,927,254.2% in the 1st quarter. FMR LLC now owns 1,182,565 shares of the oil and gas producer’s stock valued at $9,484,000 after purchasing an additional 1,182,541 shares during the period. Weiss Asset Management LP bought a new stake in Gulfport Energy in the 1st quarter valued at $156,000. Finally, Nordea Investment Management AB boosted its holdings in Gulfport Energy by 10.2% in the 1st quarter. Nordea Investment Management AB now owns 931,559 shares of the oil and gas producer’s stock valued at $7,471,000 after purchasing an additional 85,889 shares during the period. Hedge funds and other institutional investors own 98.25% 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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