Gulfport Energy (NASDAQ:GPOR) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Sunday.

A number of other analysts have also recently commented on the company. Barclays reissued a “hold” rating and issued a $15.00 price target on shares of Gulfport Energy in a research 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 research 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 on the stock in a research report on Friday, December 15th. Morgan Stanley reissued an “underweight” rating and issued a $13.00 price target on shares of Gulfport Energy in a research report on Thursday, December 14th. Finally, Credit Suisse Group assumed coverage on Gulfport Energy in a research report on Monday, December 11th. They issued a “neutral” rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $20.76.

Shares of Gulfport Energy (GPOR) opened at $12.76 on Friday. 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 12-month low of $10.90 and a 12-month high of $22.35. The company has a market capitalization of $2,336.13, a P/E ratio of -47.26, a PEG ratio of 0.31 and a beta of 0.69.

Gulfport Energy (NASDAQ:GPOR) last issued 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 company had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. research analysts predict that Gulfport Energy will post 1.36 earnings per share for the current year.

In other Gulfport Energy news, CEO Michael G. Moore sold 118,494 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the completion of the sale, the chief executive officer now directly owns 295,449 shares in the company, valued at approximately $3,592,659.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Steve Baldwin sold 4,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were 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 of the company’s stock, valued at $397,155.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,253 shares of company stock valued at $1,839,219. 0.31% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GPOR. Sei Investments Co. raised its stake in Gulfport Energy by 2.7% during the 2nd quarter. Sei Investments Co. now owns 46,768 shares of the oil and gas producer’s stock valued at $690,000 after buying an additional 1,217 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Gulfport Energy by 13.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 645,023 shares of the oil and gas producer’s stock valued at $9,515,000 after buying an additional 78,396 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Gulfport Energy by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,890,629 shares of the oil and gas producer’s stock valued at $27,887,000 after buying an additional 17,946 shares during the last quarter. Legal & General Group Plc raised its stake in Gulfport Energy by 23.4% during the 2nd quarter. Legal & General Group Plc now owns 125,464 shares of the oil and gas producer’s stock valued at $1,851,000 after buying an additional 23,772 shares during the last quarter. Finally, Comerica Bank raised its stake in Gulfport Energy by 0.3% during the 2nd quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock valued at $2,698,000 after buying an additional 720 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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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.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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