Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at Capital One Financial cut their FY2018 earnings estimates for Gulfport Energy in a report issued on Tuesday. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $1.42 per share for the year, down from their previous forecast of $1.69.

GPOR has been the topic of a number of other reports. Barclays lowered shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research note on Monday, November 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $20.00 price target on shares of Gulfport Energy in a research note on Tuesday, January 9th. Credit Suisse Group assumed coverage on shares of Gulfport Energy in a research note on Monday, December 11th. They set a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research lowered shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Finally, Williams Capital set a $18.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Monday, November 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. Gulfport Energy has a consensus rating of “Buy” and a consensus target price of $19.71.

Shares of Gulfport Energy (GPOR) traded up $0.29 on Thursday, reaching $8.84. 7,381,231 shares of the company traded hands, compared to its average volume of 5,362,473. The stock has a market cap of $1,565.35, a price-to-earnings ratio of -32.74, a P/E/G ratio of 0.22 and a beta of 0.41. Gulfport Energy has a 12-month low of $8.31 and a 12-month high of $21.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.

Gulfport Energy declared that its Board of Directors has initiated a share buyback plan on Monday, January 29th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, CFO Keri Crowell sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $194,560.00. Following the sale, the chief financial officer now directly owns 81,092 shares in the company, valued at $986,078.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael G. Moore sold 118,494 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the sale, the chief executive officer now owns 295,449 shares in the company, valued at $3,592,659.84. The disclosure for this sale can be found here. Insiders have sold 151,253 shares of company stock worth $1,839,219 over the last 90 days. Insiders own 0.31% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GPOR. PNC Financial Services Group Inc. increased its stake in shares of Gulfport Energy by 3.7% during the second quarter. PNC Financial Services Group Inc. now owns 21,982 shares of the oil and gas producer’s stock worth $323,000 after buying an additional 786 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Gulfport Energy by 7.7% during the second quarter. Thrivent Financial For Lutherans now owns 32,140 shares of the oil and gas producer’s stock worth $474,000 after buying an additional 2,300 shares during the period. Vanguard Group Inc. increased its stake in shares of Gulfport Energy by 6.3% during the second quarter. Vanguard Group Inc. now owns 13,274,246 shares of the oil and gas producer’s stock worth $195,796,000 after buying an additional 786,991 shares during the period. M&T Bank Corp purchased a new stake in shares of Gulfport Energy during the second quarter worth approximately $216,000. Finally, Advisor Group Inc. boosted its holdings in Gulfport Energy by 11.9% in the second quarter. Advisor Group Inc. now owns 24,016 shares of the oil and gas producer’s stock valued at $354,000 after purchasing an additional 2,551 shares in the last quarter. Hedge funds and other institutional investors own 85.18% of the company’s stock.

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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.

Earnings History and Estimates for Gulfport Energy (NASDAQ:GPOR)

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