Piper Jaffray set a $16.00 target price on Gulfport Energy (NASDAQ:GPOR) in a report issued on Wednesday, March 14th. The firm currently has a buy rating on the oil and gas producer’s stock.
Other equities analysts also recently issued reports about the stock. Williams Capital set a $18.00 price objective on shares of Gulfport Energy and gave the company a buy rating in a research note on Thursday, December 21st. Mizuho set a $18.00 price objective on shares of Gulfport Energy and gave the company a buy rating in a research note on Tuesday, January 16th. SunTrust Banks reiterated a buy rating and set a $26.00 price target on shares of Gulfport Energy in a research report on Friday, December 8th. Scotiabank set a $22.00 price target on shares of Gulfport Energy and gave the company a buy rating in a research report on Saturday, November 25th. Finally, KeyCorp reiterated a buy rating and set a $18.00 price target on shares of Gulfport Energy in a research report on Friday, November 24th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $18.13.
Shares of NASDAQ GPOR traded down $0.25 during mid-day trading on Wednesday, reaching $9.77. 3,057,241 shares of the company were exchanged, compared to its average volume of 3,712,836. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $17.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $1,834.72, a P/E ratio of 6.93, a P/E/G ratio of 0.39 and a beta of 0.33.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $397.85 million during the quarter, compared to the consensus estimate of $337.95 million. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. During the same period in the previous year, the firm posted $0.34 EPS. analysts forecast that Gulfport Energy will post 1.29 EPS for the current fiscal year.
Gulfport Energy announced that its Board of Directors has initiated a share buyback program on Monday, January 29th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas producer to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Paul D. Westerman acquired 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $10.14 per share, with a total value of $101,400.00. Following the completion of the purchase, the director now directly owns 25,488 shares in the company, valued at approximately $258,448.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.31% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its stake in Gulfport Energy by 22.6% during the third quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock valued at $92,740,000 after acquiring an additional 1,193,723 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Gulfport Energy by 57.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after acquiring an additional 1,881,196 shares in the last quarter. Boston Partners grew its stake in Gulfport Energy by 7.7% during the fourth quarter. Boston Partners now owns 4,523,096 shares of the oil and gas producer’s stock valued at $57,714,000 after acquiring an additional 321,810 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Gulfport Energy by 7.0% during the third quarter. Alyeska Investment Group L.P. now owns 4,522,206 shares of the oil and gas producer’s stock valued at $64,848,000 after acquiring an additional 293,973 shares in the last quarter. Finally, Encompass Capital Advisors LLC grew its stake in Gulfport Energy by 16.0% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,475,301 shares of the oil and gas producer’s stock valued at $57,105,000 after acquiring an additional 618,793 shares in the last quarter. 88.69% of the stock is owned by institutional investors.
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Gulfport Energy Company Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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