Gulfport Energy (NASDAQ:GPOR) has been given a $13.00 price objective by equities research analysts at Piper Jaffray Companies in a research note issued on Monday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 15.45% from the company’s previous close. Piper Jaffray Companies also issued estimates for Gulfport Energy’s Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.47 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.31 EPS, Q1 2020 earnings at $0.52 EPS and Q2 2020 earnings at $0.23 EPS.
Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Williams Capital reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Gulfport Energy in a research note on Monday, July 16th. TheStreet raised shares of Gulfport Energy from a “d+” rating to a “c” rating in a research note on Thursday, August 2nd. Seaport Global Securities reaffirmed a “neutral” rating on shares of Gulfport Energy in a research note on Friday, September 7th. Finally, Oppenheimer started coverage on shares of Gulfport Energy in a research note on Wednesday, October 3rd. They issued an “outperform” rating and a $18.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Gulfport Energy currently has an average rating of “Hold” and a consensus target price of $15.18.
Gulfport Energy stock opened at $11.26 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53. Gulfport Energy has a 12 month low of $8.11 and a 12 month high of $14.95. The firm has a market cap of $1.80 billion, a PE ratio of 7.99, a P/E/G ratio of 0.34 and a beta of 0.32.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The business had revenue of $252.74 million during the quarter, compared to analyst estimates of $329.40 million. During the same quarter in the previous year, the business earned $0.33 EPS. Gulfport Energy’s quarterly revenue was down 22.0% compared to the same quarter last year. As a group, equities analysts expect that Gulfport Energy will post 1.55 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in GPOR. BlackRock Inc. lifted its position in Gulfport Energy by 2.8% during the 1st quarter. BlackRock Inc. now owns 14,626,928 shares of the oil and gas producer’s stock worth $141,151,000 after acquiring an additional 392,137 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Gulfport Energy by 47.0% during the 1st quarter. OppenheimerFunds Inc. now owns 72,118 shares of the oil and gas producer’s stock worth $696,000 after acquiring an additional 23,068 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in Gulfport Energy during the 1st quarter worth $1,033,000. Nuveen Asset Management LLC lifted its position in Gulfport Energy by 1,934.8% during the 1st quarter. Nuveen Asset Management LLC now owns 506,912 shares of the oil and gas producer’s stock worth $4,892,000 after acquiring an additional 482,000 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in Gulfport Energy by 56.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 33,716 shares of the oil and gas producer’s stock worth $325,000 after acquiring an additional 12,136 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.
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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