Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at KeyCorp raised their Q1 2018 EPS estimates for shares of Gulfport Energy in a research note issued to investors on Wednesday, March 14th, according to Zacks Investment Research. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas producer will post earnings per share of $0.40 for the quarter, up from their prior estimate of $0.39. KeyCorp has a “Buy” rating and a $15.00 price objective on the stock. KeyCorp also issued estimates for Gulfport Energy’s FY2018 earnings at $1.54 EPS.
Several other analysts have also commented on GPOR. ValuEngine lowered shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Guggenheim reissued a “buy” rating and set a $12.50 price target on shares of Gulfport Energy in a research report on Tuesday, March 27th. BidaskClub lowered shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Finally, Williams Capital set a $17.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.13.
Shares of GPOR stock traded down $0.25 during mid-day trading on Friday, hitting $9.77. 3,057,241 shares of the stock traded hands, compared to its average volume of 3,712,836. The firm has a market cap of $1,788.95, a price-to-earnings ratio of 6.93, a PEG ratio of 0.38 and a beta of 0.33. 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.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. The company had revenue of $397.85 million during the quarter, compared to analyst estimates of $337.95 million. During the same period in the prior year, the firm earned $0.34 earnings per share.
A number of large investors have recently modified their holdings of the stock. Nationwide Fund Advisors boosted its position in Gulfport Energy by 3.1% in the 3rd quarter. Nationwide Fund Advisors now owns 286,098 shares of the oil and gas producer’s stock worth $4,103,000 after purchasing an additional 8,612 shares in the last quarter. Aperio Group LLC boosted its position in Gulfport Energy by 83.5% in the 3rd quarter. Aperio Group LLC now owns 97,481 shares of the oil and gas producer’s stock worth $1,398,000 after purchasing an additional 44,364 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Gulfport Energy in the 3rd quarter worth approximately $211,000. Canada Pension Plan Investment Board boosted its position in Gulfport Energy by 144.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 97,700 shares of the oil and gas producer’s stock worth $1,401,000 after purchasing an additional 57,700 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Gulfport Energy by 9.3% in the 3rd quarter. Prudential Financial Inc. now owns 1,098,476 shares of the oil and gas producer’s stock worth $15,752,000 after purchasing an additional 93,011 shares in the last quarter. Institutional investors own 88.69% of the company’s stock.
In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the acquisition, the director now owns 25,488 shares in the company, valued at $258,448.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.
Gulfport Energy announced that its board has approved a stock buyback program on Monday, January 29th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas producer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
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About Gulfport Energy
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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