Shares of Gulfport Energy Co. (NASDAQ:GPOR) have been given an average recommendation of “Buy” by the twenty-four research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.20.
Several research firms have recently weighed in on GPOR. BidaskClub upgraded Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Jefferies Group set a $17.00 price target on Gulfport Energy and gave the company a “buy” rating in a research note on Friday. Williams Capital set a $17.00 price target on Gulfport Energy and gave the company a “buy” rating in a research note on Thursday, February 22nd. B. Riley started coverage on Gulfport Energy in a research note on Monday, February 5th. They set a “neutral” rating and a $11.25 price target on the stock. Finally, ValuEngine lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
In other Gulfport Energy news, CFO Keri Crowell sold 16,000 shares of Gulfport Energy stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $194,560.00. Following the transaction, the chief financial officer now 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 is available through the SEC website. Also, Director Paul D. Westerman bought 10,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the purchase, the director now directly owns 15,488 shares of the company’s stock, valued at $197,472. The disclosure for this purchase can be found here. Insiders sold 151,253 shares of company stock worth $1,839,219 in the last quarter. 0.21% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. HAP Trading LLC grew its stake in Gulfport Energy by 23.2% in the third quarter. HAP Trading LLC now owns 20,486 shares of the oil and gas producer’s stock valued at $294,000 after purchasing an additional 3,860 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Gulfport Energy by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 234,703 shares of the oil and gas producer’s stock valued at $3,462,000 after purchasing an additional 4,386 shares during the last quarter. Comerica Bank grew its stake in Gulfport Energy by 2.4% in the third quarter. Comerica Bank now owns 214,384 shares of the oil and gas producer’s stock valued at $2,956,000 after purchasing an additional 5,058 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Gulfport Energy by 6.8% in the third quarter. Great West Life Assurance Co. Can now owns 99,584 shares of the oil and gas producer’s stock valued at $1,431,000 after purchasing an additional 6,319 shares during the last quarter. Finally, Icon Advisers Inc. Co. grew its stake in Gulfport Energy by 0.7% in the fourth quarter. Icon Advisers Inc. Co. now owns 984,474 shares of the oil and gas producer’s stock valued at $12,562,000 after purchasing an additional 6,400 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.
Gulfport Energy (GPOR) traded down $0.12 during trading hours on Friday, hitting $9.78. The stock had a trading volume of 3,894,617 shares, compared to its average volume of 5,003,423. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $17.83. The company has a market capitalization of $1,810.00, a P/E ratio of 4.07, a price-to-earnings-growth ratio of 0.25 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. The business had revenue of $397.85 million during the quarter, compared to the consensus estimate of $337.95 million. During the same period last year, the company earned $0.34 earnings per share. analysts forecast that Gulfport Energy will post 1.32 EPS for the current fiscal year.
Gulfport Energy declared that its board has initiated a stock repurchase plan on Monday, January 29th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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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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