MKM Partners assumed coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $10.00 price objective on the oil and gas producer’s stock.

A number of other research firms have also issued reports on GPOR. Oppenheimer initiated coverage on Gulfport Energy in a report on Wednesday, October 3rd. They issued an outperform rating and a $18.00 target price on the stock. BidaskClub lowered Gulfport Energy from a hold rating to a sell rating in a report on Friday, September 7th. Morgan Stanley boosted their target price on Gulfport Energy from $7.00 to $8.00 and gave the company a sell rating in a report on Monday, November 5th. Williams Capital set a $16.00 target price on Gulfport Energy and gave the company a buy rating in a report on Thursday, October 18th. Finally, Zacks Investment Research raised Gulfport Energy from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. Gulfport Energy has a consensus rating of Hold and an average target price of $12.72.

NASDAQ:GPOR opened at $9.32 on Wednesday. The company has a market capitalization of $1.59 billion, a PE ratio of 6.61, a P/E/G ratio of 0.38 and a beta of 0.48. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. Gulfport Energy has a 12-month low of $8.07 and a 12-month high of $13.74.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.11. The business had revenue of $360.96 million for the quarter, compared to analyst estimates of $360.39 million. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. Equities analysts predict that Gulfport Energy will post 1.81 earnings per share for the current year.

In other news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction on Tuesday, November 20th. The shares were bought at an average price of $8.44 per share, with a total value of $84,400.00. Following the completion of the acquisition, the director now owns 56,689 shares of the company’s stock, valued at $478,455.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Gulfport Energy by 1.4% in the third quarter. BlackRock Inc. now owns 19,069,070 shares of the oil and gas producer’s stock valued at $198,509,000 after purchasing an additional 256,160 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Gulfport Energy by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 14,573,729 shares of the oil and gas producer’s stock valued at $151,714,000 after purchasing an additional 505,684 shares during the last quarter. Vanguard Group Inc. grew its holdings in Gulfport Energy by 2.1% in the third quarter. Vanguard Group Inc. now owns 13,541,721 shares of the oil and gas producer’s stock valued at $140,969,000 after purchasing an additional 283,479 shares during the last quarter. LSV Asset Management grew its holdings in Gulfport Energy by 320.4% in the third quarter. LSV Asset Management now owns 8,997,054 shares of the oil and gas producer’s stock valued at $93,659,000 after purchasing an additional 6,857,054 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Gulfport Energy by 6.2% in the second quarter. Schroder Investment Management Group now owns 5,540,742 shares of the oil and gas producer’s stock valued at $68,650,000 after purchasing an additional 323,782 shares during the last quarter. 98.45% 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 the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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