Gulfport Energy (NASDAQ:GPOR) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.
A number of other brokerages have also issued reports on GPOR. Morgan Stanley decreased their price target on Gulfport Energy from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, January 24th. Mizuho set a $18.00 price target on Gulfport Energy and gave the company a “buy” rating in a research note on Tuesday, January 16th. Piper Jaffray reaffirmed a “buy” rating and set a $20.00 price target on shares of Gulfport Energy in a research note on Tuesday, January 9th. ValuEngine lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.99.
Shares of NASDAQ GPOR opened at $8.92 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market cap of $1,609.50, a price-to-earnings ratio of 6.33, a PEG ratio of 0.33 and a beta of 0.33. Gulfport Energy has a 1 year low of $8.11 and a 1 year high of $17.32.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $397.85 million during the quarter, compared to analyst estimates of $337.95 million. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. During the same period last year, the company posted $0.34 EPS. equities research analysts forecast that Gulfport Energy will post 1.33 earnings per share for the current year.
Gulfport Energy announced that its board has initiated a share buyback plan on Monday, January 29th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director now directly owns 25,488 shares of the company’s stock, valued at $258,448.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GPOR. Dimensional Fund Advisors LP lifted its holdings in shares of Gulfport Energy by 57.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after purchasing an additional 1,881,196 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Gulfport Energy by 39.1% in the fourth quarter. Schroder Investment Management Group now owns 4,278,562 shares of the oil and gas producer’s stock valued at $54,594,000 after purchasing an additional 1,202,052 shares in the last quarter. Encompass Capital Advisors LLC lifted its holdings in shares of Gulfport Energy by 16.0% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,475,301 shares of the oil and gas producer’s stock valued at $57,105,000 after purchasing an additional 618,793 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gulfport Energy by 105.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,139,641 shares of the oil and gas producer’s stock valued at $14,542,000 after purchasing an additional 586,241 shares in the last quarter. Finally, HBK Investments L P lifted its holdings in shares of Gulfport Energy by 199.6% in the fourth quarter. HBK Investments L P now owns 488,500 shares of the oil and gas producer’s stock valued at $6,233,000 after purchasing an additional 325,442 shares in the last quarter. Institutional investors own 88.78% of the company’s stock.
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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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