Gulfport Energy Co. (NASDAQ:GPOR) – Stock analysts at Piper Jaffray upped their FY2018 EPS estimates for shares of Gulfport Energy in a research note issued to investors on Wednesday, April 18th. Piper Jaffray analyst D. Kistler now forecasts that the oil and gas producer will post earnings per share of $1.08 for the year, up from their prior forecast of $1.04. Piper Jaffray currently has a “Buy” rating and a $16.00 target price on the stock. Piper Jaffray also issued estimates for Gulfport Energy’s FY2019 earnings at $1.05 EPS.
A number of other equities analysts have also recently commented on GPOR. ValuEngine cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Guggenheim reissued a “buy” rating and issued a $12.50 price target on shares of Gulfport Energy in a research note on Tuesday, March 27th. BidaskClub cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Thursday, March 22nd. Williams Capital set a $17.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, B. Riley began coverage on shares of Gulfport Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $11.25 price objective for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. Gulfport Energy has an average rating of “Buy” and a consensus price target of $18.13.
GPOR stock opened at $9.49 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.62. Gulfport Energy has a one year low of $8.11 and a one year high of $17.32. The company has a market capitalization of $1,710.21, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.36 and a beta of 0.33.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. The business had revenue of $397.85 million during the quarter, compared to analysts’ expectations of $337.95 million. During the same quarter in the previous year, the company earned $0.34 EPS.
Gulfport Energy declared that its Board of Directors has approved a stock buyback program on Monday, January 29th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
In other news, Director Paul D. Westerman purchased 10,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $10.14 per share, with a total value of $101,400.00. Following the transaction, the director now directly owns 25,488 shares of the company’s stock, valued at approximately $258,448.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Gulfport Energy in the 4th quarter worth $137,000. Oakbrook Investments LLC bought a new position in Gulfport Energy in the 4th quarter worth $180,000. Delpha Capital Management LLC bought a new position in Gulfport Energy in the 4th quarter worth $187,000. GSA Capital Partners LLP bought a new position in Gulfport Energy in the 3rd quarter worth $223,000. Finally, Nisa Investment Advisors LLC raised its holdings in Gulfport Energy by 8,800.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,800 shares of the oil and gas producer’s stock worth $227,000 after purchasing an additional 17,600 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.
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About Gulfport Energy
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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