Gulfport Energy (GPOR) PT Set at $18.00 by Mizuho
A number of other research analysts have also weighed in on GPOR. Piper Jaffray Companies cut their target price on shares of Gulfport Energy from $21.00 to $18.00 and set an overweight rating for the company in a report on Monday, September 18th. Imperial Capital assumed coverage on shares of Gulfport Energy in a research note on Tuesday, September 19th. They set an outperform rating and a $19.00 price objective for the company. KeyCorp reaffirmed a buy rating and set a $18.00 price objective on shares of Gulfport Energy in a research note on Tuesday, September 19th. Zacks Investment Research raised shares of Gulfport Energy from a hold rating to a buy rating and set a $16.00 price objective for the company in a research note on Wednesday, October 4th. Finally, Scotiabank reaffirmed a buy rating and set a $23.00 price objective on shares of Gulfport Energy in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $20.62.
Gulfport Energy (GPOR) traded down $0.46 during mid-day trading on Tuesday, hitting $12.38. 3,418,833 shares of the company were exchanged, compared to its average volume of 2,999,777. Gulfport Energy has a 1 year low of $10.90 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $2,270.00, a price-to-earnings ratio of -45.85, a PEG ratio of 0.27 and a beta of 0.69.
Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The business had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. During the same period last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. research analysts anticipate that Gulfport Energy will post 1.37 EPS for the current fiscal year.
In other news, 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 completion of the sale, the vice president now directly owns 32,634 shares of the company’s stock, valued at $397,155.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $12.75 per share, with a total value of $127,500.00. Following the completion of the purchase, the director now directly owns 15,488 shares of the company’s stock, valued at approximately $197,472. The disclosure for this purchase can be found here. Insiders have sold 151,253 shares of company stock valued at $1,839,219 over the last three months. Insiders own 0.31% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Gulfport Energy during the fourth quarter valued at $137,000. Oakbrook Investments LLC bought a new stake in shares of Gulfport Energy in the fourth quarter valued at about $180,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Gulfport Energy by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 567,997 shares of the oil and gas producer’s stock valued at $7,248,000 after acquiring an additional 28,735 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Gulfport Energy by 20.1% in the fourth quarter. Bank of Montreal Can now owns 83,363 shares of the oil and gas producer’s stock valued at $1,063,000 after acquiring an additional 13,928 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Gulfport Energy by 8,800.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,800 shares of the oil and gas producer’s stock valued at $227,000 after acquiring an additional 17,600 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.
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Gulfport Energy Company Profile
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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