SunTrust Banks restated their buy rating on shares of Gulfport Energy (NASDAQ:GPOR) in a research note published on Friday morning, MarketBeat reports. The brokerage currently has a $26.00 price objective on the oil and gas producer’s stock. SunTrust Banks also issued estimates for Gulfport Energy’s Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.34 EPS.
Several other research firms also recently weighed in on GPOR. KeyCorp reissued a buy rating and issued a $18.00 target price on shares of Gulfport Energy in a report on Friday, November 24th. Zacks Investment Research downgraded Gulfport Energy from a buy rating to a hold rating in a report on Monday, October 23rd. Williams Capital set a $18.00 target price on Gulfport Energy and gave the company a buy rating in a report on Monday, October 23rd. Morgan Stanley boosted their target price on Gulfport Energy from $12.00 to $13.00 and gave the company an underweight rating in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies reissued an overweight rating and issued a $21.00 target price (down from $22.00) on shares of Gulfport Energy in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $22.30.
Gulfport Energy (GPOR) traded up $0.11 during trading hours on Friday, hitting $12.46. The stock had a trading volume of 2,350,900 shares, compared to its average volume of 3,711,228. Gulfport Energy has a twelve month low of $10.90 and a twelve month high of $29.92. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2,280.00, a PE ratio of 9.51, a P/E/G ratio of 0.30 and a beta of 0.69.
Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The firm had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. research analysts forecast that Gulfport Energy will post 1.36 EPS for the current fiscal year.
In related news, Director Paul D. Westerman acquired 10,000 shares of Gulfport Energy stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $12.75 per share, with a total value of $127,500.00. Following the purchase, the director now directly owns 15,488 shares in the company, valued at $197,472. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in shares of Gulfport Energy during the 3rd quarter worth approximately $223,000. GeoSphere Capital Management purchased a new position in shares of Gulfport Energy during the 3rd quarter worth approximately $1,434,000. California Public Employees Retirement System raised its stake in shares of Gulfport Energy by 1.9% during the 3rd quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock worth $10,485,000 after buying an additional 13,888 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Gulfport Energy by 384.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 69,789 shares of the oil and gas producer’s stock worth $1,001,000 after buying an additional 55,389 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Gulfport Energy by 22.6% during the 3rd quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock worth $92,740,000 after buying an additional 1,193,723 shares in the last quarter. 86.93% of the stock is owned by institutional investors and hedge funds.
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About Gulfport Energy
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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