Research analysts at B. Riley assumed coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a note issued to investors on Monday, February 5th, Marketbeat reports. The firm set a “neutral” rating and a $11.25 price target on the oil and gas producer’s stock. B. Riley’s price target points to a potential upside of 33.77% from the company’s previous close. B. Riley also issued estimates for Gulfport Energy’s Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $1.23 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.77 EPS.
Other equities analysts have also recently issued research reports about the stock. Scotiabank restated a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research report on Monday, October 9th. SunTrust Banks reiterated a “buy” rating and set a $25.00 price target on shares of Gulfport Energy in a research report on Tuesday, October 24th. Williams Capital set a $18.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. KeyCorp set a $18.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Jefferies Group reiterated a “buy” rating and set a $18.00 price target on shares of Gulfport Energy in a research report on Thursday, October 12th. Three investment 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’s stock. Gulfport Energy has a consensus rating of “Buy” and a consensus target price of $19.10.
Shares of Gulfport Energy (GPOR) opened at $8.41 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $1,540.00, a price-to-earnings ratio of -31.15, a price-to-earnings-growth ratio of 0.22 and a beta of 0.41. Gulfport Energy has a one year low of $8.11 and a one year high of $19.44.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. During the same period in the prior year, the firm earned $0.34 earnings per share. equities analysts anticipate that Gulfport Energy will post 1.35 EPS for the current fiscal year.
Gulfport Energy declared that its Board of Directors has initiated a stock repurchase program on Monday, January 29th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
In other news, SVP Robert Alan Jones sold 5,700 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.15, for a total value of $69,255.00. Following the transaction, the senior vice president now owns 44,827 shares in the company, valued at $544,648.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig Groeschel sold 7,059 shares of the company’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 transaction of $85,837.44. Following the completion of the transaction, the director now owns 18,389 shares in the company, valued at approximately $223,610.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,253 shares of company stock worth $1,839,219. Insiders own 0.21% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new position in Gulfport Energy during the fourth quarter valued at approximately $1,330,000. Verition Fund Management LLC lifted its position in Gulfport Energy by 71.5% during the fourth quarter. Verition Fund Management LLC now owns 54,315 shares of the oil and gas producer’s stock valued at $693,000 after purchasing an additional 22,638 shares during the period. Meadow Creek Investment Management LLC lifted its position in Gulfport Energy by 1,102.2% during the fourth quarter. Meadow Creek Investment Management LLC now owns 216,440 shares of the oil and gas producer’s stock valued at $2,762,000 after purchasing an additional 198,436 shares during the period. Tyers Asset Management LLC lifted its position in Gulfport Energy by 1,102.2% during the fourth quarter. Tyers Asset Management LLC now owns 123,680 shares of the oil and gas producer’s stock valued at $1,578,000 after purchasing an additional 113,392 shares during the period. Finally, HBK Investments L P lifted its position in Gulfport Energy by 199.6% during the fourth quarter. HBK Investments L P now owns 488,500 shares of the oil and gas producer’s stock valued at $6,233,000 after purchasing an additional 325,442 shares during the period. Institutional investors own 88.95% of the company’s stock.
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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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