Gulfport Energy (NASDAQ:GPOR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
Gulfport Energy (NASDAQ:GPOR) opened at $8.75 on Tuesday. Gulfport Energy has a twelve month low of $8.11 and a twelve month high of $19.84. 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 company has a market capitalization of $1,601.97, a PE ratio of 6.68, a PEG ratio of 0.22 and a beta of 0.41.
Gulfport Energy declared that its Board of Directors has approved a stock buyback program on Monday, January 29th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas producer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
In other Gulfport Energy news, CFO Keri Crowell sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $194,560.00. Following the completion of the sale, the chief financial officer now owns 81,092 shares in the company, valued at $986,078.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul D. Westerman acquired 10,000 shares of the 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 disclosure for this purchase can be found here. In the last ninety days, insiders sold 151,253 shares of company stock valued at $1,839,219. 0.21% of the stock is owned by insiders.
GPOR has been the subject of several recent analyst reports. KeyCorp cut their price objective on Gulfport Energy from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. SunTrust Banks reissued a “buy” rating and set a $26.00 price objective on shares of Gulfport Energy in a report on Friday, December 8th. Mizuho set a $18.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research lowered Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Williams Capital set a $17.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $19.10.
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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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