Gulfport Energy (NASDAQ:GPOR) has been assigned a $15.00 price objective by Jefferies Group in a research report issued to clients and investors on Monday, March 19th. The firm currently has a “buy” rating on the oil and gas producer’s stock. Jefferies Group’s price target indicates a potential upside of 45.91% from the company’s current price. Jefferies Group also issued estimates for Gulfport Energy’s Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.25 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.38 EPS and FY2019 earnings at $1.19 EPS.
A number of other analysts have also weighed in on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $13.00 price objective on shares of Gulfport Energy in a research note on Thursday, December 14th. JPMorgan Chase raised shares of Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a report on Friday, December 15th. SunTrust Banks reissued a “buy” rating and set a $26.00 price target on shares of Gulfport Energy in a report on Friday, December 8th. Piper Jaffray reissued a “buy” rating and set a $20.00 price target on shares of Gulfport Energy in a report on Tuesday, January 9th. Finally, Zacks Investment Research downgraded shares of Gulfport Energy from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.13.
Shares of Gulfport Energy stock opened at $10.28 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.66. Gulfport Energy has a 12-month low of $8.11 and a 12-month high of $17.42. The company has a market cap of $1,788.94, a price-to-earnings ratio of 7.29, a P/E/G ratio of 0.38 and a beta of 0.33.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. The firm had revenue of $397.85 million for the quarter, compared to analyst estimates of $337.95 million. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. During the same quarter in the prior year, the business earned $0.34 earnings per share. research analysts forecast that Gulfport Energy will post 1.29 EPS for the current year.
Gulfport Energy announced that its board has initiated a stock buyback program on Monday, January 29th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the oil and gas producer to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In other news, Director Paul D. Westerman acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director now owns 25,488 shares in the company, valued at $258,448.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in GPOR. State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at about $137,000. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy during the third quarter valued at about $161,000. Oakbrook Investments LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at about $180,000. Delpha Capital Management LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at about $187,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Gulfport Energy during the third quarter valued at about $211,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.
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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