Gulfport Energy (NYSE:GPOR – Get Free Report) announced its quarterly earnings data on Monday. The company reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.06), Zacks reports. Gulfport Energy had a return on equity of 23.51% and a net margin of 35.72%.
Gulfport Energy Stock Up 1.4%
NYSE:GPOR traded up $2.31 on Monday, reaching $163.68. 328,923 shares of the stock traded hands, compared to its average volume of 354,881. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 5.59 and a beta of 0.41. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy has a 12 month low of $149.18 and a 12 month high of $225.78. The company’s fifty day simple moving average is $162.54 and its 200 day simple moving average is $184.56.
Analyst Ratings Changes
GPOR has been the subject of several recent research reports. UBS Group lowered their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Zacks Research downgraded Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Weiss Ratings lowered Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, Truist Financial lowered their price objective on Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $227.00.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in GPOR. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Gulfport Energy in the 4th quarter worth approximately $54,000. Prelude Capital Management LLC bought a new position in Gulfport Energy in the 3rd quarter valued at approximately $201,000. Finally, Bridgeway Capital Management LLC purchased a new stake in Gulfport Energy during the 4th quarter valued at $208,000.
Gulfport Energy Company Profile
Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.
The company’s primary operations are concentrated in two major U.S. resource basins.
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