Gulfport Energy Co. (NASDAQ:GPOR) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 12,783,718 shares, a decrease of 8.9% from the May 31st total of 14,034,981 shares. Currently, 8.3% of the company’s stock are short sold. Based on an average daily volume of 4,071,678 shares, the days-to-cover ratio is presently 3.1 days.
Shares of Gulfport Energy stock opened at $12.17 on Thursday. The company has a market cap of $2.04 billion, a P/E ratio of 8.63, a P/E/G ratio of 0.39 and a beta of 0.38. Gulfport Energy has a twelve month low of $8.11 and a twelve month high of $15.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.61 and a current ratio of 0.61.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.14. The company had revenue of $325.40 million for the quarter, compared to the consensus estimate of $354.46 million. Gulfport Energy had a net margin of 28.25% and a return on equity of 10.03%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. research analysts anticipate that Gulfport Energy will post 1.51 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on GPOR. BidaskClub upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. JPMorgan Chase & Co. set a $13.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, May 31st. Morgan Stanley upped their target price on shares of Gulfport Energy from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 24th. KeyCorp dropped their target price on shares of Gulfport Energy from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, May 24th. Finally, Stifel Nicolaus began coverage on shares of Gulfport Energy in a research note on Wednesday, May 23rd. They issued a “buy” rating and a $13.40 target price on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. Gulfport Energy has a consensus rating of “Buy” and a consensus price target of $15.40.
In other Gulfport Energy news, VP Steve Baldwin sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $11.00, for a total value of $110,000.00. Following the sale, the vice president now owns 40,918 shares in the company, valued at $450,098. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Element Capital Management LLC bought a new position in Gulfport Energy during the first quarter valued at approximately $140,000. Delpha Capital Management LLC bought a new position in Gulfport Energy during the fourth quarter valued at approximately $187,000. KBC Group NV bought a new position in Gulfport Energy during the first quarter valued at approximately $205,000. Tibra Equities Europe Ltd bought a new position in Gulfport Energy during the first quarter valued at approximately $243,000. Finally, MANA Advisors LLC bought a new position in Gulfport Energy during the fourth quarter valued at approximately $268,000. Institutional investors own 89.55% of the company’s stock.
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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