Barclays Reiterates Hold Rating for Gulfport Energy (GPOR)
Gulfport Energy (NASDAQ:GPOR)‘s stock had its “hold” rating reiterated by investment analysts at Barclays in a research note issued to investors on Sunday. They currently have a $15.00 target price on the oil and gas producer’s stock. Barclays’ price objective suggests a potential upside of 19.71% from the company’s current price.
A number of other analysts have also recently weighed in on GPOR. Jefferies Group set a $20.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Tuesday, August 29th. Piper Jaffray Companies reduced their price target on shares of Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Imperial Capital started coverage on shares of Gulfport Energy in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $19.00 price target for the company. KeyCorp restated a “buy” rating and issued a $18.00 price target on shares of Gulfport Energy in a research report on Tuesday, September 19th. Finally, Mizuho restated a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $20.76.
Shares of Gulfport Energy (GPOR) opened at $12.53 on Friday. The firm has a market cap of $2,290.00, a PE ratio of -46.41, a P/E/G ratio of 0.31 and a beta of 0.69. Gulfport Energy has a 12 month low of $10.90 and a 12 month high of $22.63. 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 (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The firm had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. During the same quarter last year, the company posted $0.16 EPS. Gulfport Energy’s revenue for the quarter was up 37.1% on a year-over-year basis. analysts expect that Gulfport Energy will post 1.36 EPS for the current year.
In related news, VP Steve Baldwin sold 4,000 shares of Gulfport Energy stock in a transaction dated 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 transaction, the vice president now directly owns 32,634 shares of the company’s stock, valued at approximately $397,155.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul D. Westerman purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $12.75 per share, with a total value of $127,500.00. Following the completion of the acquisition, the director now directly owns 15,488 shares in the company, valued at $197,472. The disclosure for this purchase can be found here. Insiders sold a total of 151,253 shares of company stock worth $1,839,219 over the last 90 days. Company insiders own 0.31% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tocqueville Asset Management L.P. grew its holdings in Gulfport Energy by 65.6% during the second quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock valued at $380,000 after purchasing an additional 10,200 shares during the period. Arizona State Retirement System grew its holdings in Gulfport Energy by 1.5% during the second quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock valued at $990,000 after purchasing an additional 1,000 shares during the period. Dimensional Fund Advisors LP grew its holdings in Gulfport Energy by 122.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock valued at $48,092,000 after purchasing an additional 1,794,132 shares during the period. Swiss National Bank grew its holdings in Gulfport Energy by 4.0% during the third quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock valued at $3,947,000 after purchasing an additional 10,700 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Gulfport Energy by 9.3% during the third quarter. Prudential Financial Inc. now owns 1,098,476 shares of the oil and gas producer’s stock valued at $15,752,000 after purchasing an additional 93,011 shares during the period. 86.71% of the stock is owned by 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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