Investment analysts at Credit Suisse Group started coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a research note issued on Monday. The firm set a “hold” rating and a $15.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price objective points to a potential upside of 14.24% from the company’s current price.
GPOR has been the subject of several other research reports. Morgan Stanley lifted their target price on shares of Gulfport Energy from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. Jefferies Group set a $20.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a report on Tuesday, August 29th. Mizuho reiterated a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy in a report on Wednesday, October 4th. Scotiabank reiterated a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy in a report on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. Gulfport Energy currently has an average rating of “Buy” and an average target price of $21.52.
Shares of Gulfport Energy (NASDAQ GPOR) opened at $13.13 on Monday. The stock has a market cap of $2,281.20, a P/E ratio of 9.51, a PEG ratio of 0.30 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a 1-year low of $10.90 and a 1-year high of $29.92.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. During the same quarter in the prior year, the business earned $0.16 EPS. The firm’s quarterly revenue was up 37.1% on a year-over-year basis. research analysts forecast that Gulfport Energy will post 1.36 earnings per share for the current fiscal year.
In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $12.75 per share, with a total value of $127,500.00. Following the transaction, the director now directly owns 15,488 shares of the company’s stock, valued at approximately $197,472. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in GPOR. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gulfport Energy by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 712 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Gulfport Energy by 76.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 4,153 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Gulfport Energy during the 2nd quarter worth $150,000. BKS Advisors LLC purchased a new stake in shares of Gulfport Energy during the 3rd quarter worth $161,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Gulfport Energy by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 520 shares during the last quarter. 86.93% of the stock is owned by institutional investors and hedge funds.
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Gulfport Energy Company Profile
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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