Gulfport Energy (NYSE:GPOR) Posts Earnings Results, Misses Expectations By $0.06 EPS

Gulfport Energy (NYSE:GPOR) announced its quarterly earnings results on Monday. The company reported $3.76 EPS for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.06), Zacks reports. Gulfport Energy had a net margin of 35.72% and a return on equity of 23.51%.

Gulfport Energy Trading Up 1.4%

NYSE:GPOR traded up $2.31 during midday trading on Monday, hitting $163.68. 328,923 shares of the company traded hands, compared to its average volume of 354,881. The firm has a market capitalization of $2.94 billion, a P/E ratio of 5.59 and a beta of 0.41. The firm’s fifty day moving average is $162.54 and its 200-day moving average is $184.56. Gulfport Energy has a 12-month low of $149.18 and a 12-month high of $225.78. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in Gulfport Energy during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Gulfport Energy during the fourth quarter valued at approximately $54,000. Prelude Capital Management LLC purchased a new position in shares of Gulfport Energy during the third quarter valued at approximately $201,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of Gulfport Energy during the fourth quarter valued at approximately $208,000.

Analysts Set New Price Targets

GPOR has been the topic of several recent research reports. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Weiss Ratings cut shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. UBS Group lowered their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Finally, Truist Financial dropped their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Gulfport Energy presently has an average rating of “Moderate Buy” and an average target price of $227.00.

About Gulfport Energy

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.