Credit Suisse Group lowered shares of Gulfport Energy (NASDAQ:GPOR) from a neutral rating to an underperform rating in a research report report published on Tuesday, Benzinga’s Daily Ratings Newsletter reports.
Other equities analysts have also recently issued reports about the company. CIBC reaffirmed a buy rating and issued a $57.50 target price on shares of Agnico Eagle Mines in a report on Friday, April 5th. Oppenheimer cut Gulfport Energy from an outperform rating to a market perform rating in a report on Friday, April 5th. TheStreet cut Whitestone REIT from a b- rating to a c+ rating in a report on Monday, April 1st. Finally, BidaskClub cut Zynerba Pharmaceuticals from a strong-buy rating to a buy rating in a report on Wednesday, May 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $11.43.
Shares of Gulfport Energy stock opened at $4.26 on Tuesday. Gulfport Energy has a one year low of $4.24 and a one year high of $12.26. The business has a fifty day moving average of $5.07. The company has a market cap of $700.84 million, a PE ratio of 2.33, a P/E/G ratio of 0.26 and a beta of 0.86. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.63.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The company had revenue of $320.58 million for the quarter, compared to analysts’ expectations of $313.11 million. During the same period last year, the firm earned $0.56 EPS. Gulfport Energy’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Gulfport Energy will post 1.17 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Versant Capital Management Inc raised its holdings in Gulfport Energy by 567.1% during the first quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 3,448 shares during the period. Capital Advisors Ltd. LLC bought a new stake in shares of Gulfport Energy in the first quarter worth about $35,000. CWM Advisors LLC bought a new stake in shares of Gulfport Energy in the fourth quarter worth about $67,000. OLD Mission Capital LLC bought a new stake in shares of Gulfport Energy in the fourth quarter worth about $69,000. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Gulfport Energy in the first quarter worth about $84,000. 98.25% of the stock is currently owned by institutional investors and hedge funds.
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 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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