Shares of Gulfport Energy Co. (NASDAQ:GPOR) have received an average recommendation of “Hold” from the twenty-three ratings firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.97.
Several research analysts have recently weighed in on the company. SunTrust Banks cut Gulfport Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $6.00 to $3.00 in a report on Friday. Williams Capital restated a “hold” rating and set a $3.00 target price on shares of Gulfport Energy in a report on Friday, November 1st. UBS Group restated a “buy” rating on shares of Gulfport Energy in a report on Friday. Imperial Capital lowered their target price on Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Finally, Peel Hunt restated a “hold” rating on shares of Gulfport Energy in a report on Sunday, November 10th.
Shares of NASDAQ GPOR traded up $0.01 during trading on Monday, reaching $3.09. 5,214,700 shares of the company traded hands, compared to its average volume of 4,934,653. The stock has a market cap of $519.93 million, a P/E ratio of 1.69, a PEG ratio of 0.16 and a beta of 0.90. The firm’s fifty day simple moving average is $2.88 and its 200 day simple moving average is $4.05. Gulfport Energy has a 12-month low of $2.28 and a 12-month high of $10.09. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.
Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Thursday, October 31st. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business had revenue of $285.18 million for the quarter, compared to analysts’ expectations of $335.10 million. Gulfport Energy had a return on equity of 5.88% and a net margin of 25.83%. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. As a group, research analysts expect that Gulfport Energy will post 1.01 EPS for the current year.
In other Gulfport Energy news, CEO David M. Wood acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of $2.44 per share, for a total transaction of $97,600.00. Following the completion of the acquisition, the chief executive officer now owns 1,005,449 shares of the company’s stock, valued at approximately $2,453,295.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Quentin R. Hicks acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average price of $2.38 per share, for a total transaction of $35,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $35,700. The disclosure for this purchase can be found here. Corporate insiders own 0.45% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisor Networks LLC purchased a new stake in Gulfport Energy in the third quarter valued at approximately $29,000. First Trust Advisors LP raised its position in Gulfport Energy by 86.5% in the third quarter. First Trust Advisors LP now owns 1,305,859 shares of the oil and gas producer’s stock valued at $3,539,000 after purchasing an additional 605,633 shares during the period. California Public Employees Retirement System raised its position in Gulfport Energy by 16.0% in the third quarter. California Public Employees Retirement System now owns 291,224 shares of the oil and gas producer’s stock valued at $789,000 after purchasing an additional 40,190 shares during the period. Caymus Capital Partners L.P. purchased a new stake in Gulfport Energy in the third quarter valued at approximately $2,294,000. Finally, State of Tennessee Treasury Department raised its position in Gulfport Energy by 37.2% in the third quarter. State of Tennessee Treasury Department now owns 219,774 shares of the oil and gas producer’s stock valued at $596,000 after purchasing an additional 59,577 shares during the period. 99.89% of the stock is currently owned by institutional investors.
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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