Gulfport Energy Co. (NASDAQ:GPOR)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $2.94, but opened at $3.01. Gulfport Energy shares last traded at $3.12, with a volume of 5,968,297 shares trading hands.

Several brokerages recently issued reports on GPOR. BidaskClub raised shares of Gulfport Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, September 6th. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.25 price target for the company in a research note on Monday. Piper Jaffray Companies set a $7.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $11.00 to $5.00 in a report on Monday, July 15th. Finally, Credit Suisse Group cut shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.64.

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $5.52. The stock has a market cap of $502.00 million, a price-to-earnings ratio of 1.70, a P/E/G ratio of 0.26 and a beta of 0.87.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $459.00 million for the quarter, compared to analyst estimates of $312.43 million. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. The business’s quarterly revenue was up 81.6% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. On average, analysts forecast that Gulfport Energy Co. will post 1.07 earnings per share for the current year.

In related news, CFO Quentin R. Hicks purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average price of $2.38 per share, for a total transaction of $35,700.00. Following the completion of the acquisition, the chief financial officer now owns 15,000 shares of the company’s stock, valued at approximately $35,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Wood purchased 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of $2.44 per share, with a total value of $97,600.00. Following the acquisition, the chief executive officer now directly owns 1,005,449 shares of the company’s stock, valued at approximately $2,453,295.56. The disclosure for this purchase can be found here. Corporate insiders own 0.45% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Ironwood Investment Management LLC lifted its position in shares of Gulfport Energy by 12.7% during the first quarter. Ironwood Investment Management LLC now owns 19,032 shares of the oil and gas producer’s stock valued at $153,000 after purchasing an additional 2,151 shares in the last quarter. Swiss National Bank grew its position in Gulfport Energy by 1.3% in the 2nd quarter. Swiss National Bank now owns 288,058 shares of the oil and gas producer’s stock worth $1,414,000 after purchasing an additional 3,800 shares in the last quarter. Comerica Bank increased its stake in Gulfport Energy by 2.6% in the 2nd quarter. Comerica Bank now owns 269,824 shares of the oil and gas producer’s stock valued at $996,000 after buying an additional 6,732 shares during the last quarter. Coastal Capital Group Inc. purchased a new stake in Gulfport Energy in the 2nd quarter valued at about $34,000. Finally, AMP Capital Investors Ltd increased its stake in Gulfport Energy by 41.1% in the 2nd quarter. AMP Capital Investors Ltd now owns 24,700 shares of the oil and gas producer’s stock valued at $120,000 after buying an additional 7,200 shares during the last quarter. Institutional investors and hedge funds own 97.52% of the company’s stock.

Gulfport Energy Company Profile (NASDAQ:GPOR)

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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