Gulfport Energy (NASDAQ:GPOR) had its target price lifted by Morgan Stanley from $7.00 to $9.00 in a note issued to investors on Thursday. The firm presently has an “underweight” rating on the oil and gas producer’s stock. Morgan Stanley’s price target points to a potential downside of 13.66% from the stock’s current price.
A number of other research analysts also recently issued reports on GPOR. Zacks Investment Research downgraded Gulfport Energy from a “hold” rating to a “sell” rating in a report on Friday, January 26th. KeyCorp decreased their price target on Gulfport Energy from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Williams Capital set a $17.00 price target on Gulfport Energy and gave the company a “buy” rating in a research note on Tuesday, January 30th. Credit Suisse Group decreased their price target on Gulfport Energy from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 30th. Finally, Wells Fargo & Co decreased their price target on Gulfport Energy from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $17.20.
Shares of Gulfport Energy traded down $0.17, reaching $10.42, during mid-day trading on Thursday, Marketbeat.com reports. 834,240 shares of the stock were exchanged, compared to its average volume of 4,178,716. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $1.85 billion, a PE ratio of 7.39, a PEG ratio of 0.38 and a beta of 0.30. Gulfport Energy has a one year low of $8.11 and a one year high of $16.06.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.14. The business had revenue of $325.40 million during the quarter, compared to the consensus estimate of $354.46 million. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. Gulfport Energy’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. research analysts predict that Gulfport Energy will post 1.4 earnings per share for the current fiscal year.
Gulfport Energy announced that its board has initiated a share buyback plan on Monday, January 29th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other Gulfport Energy news, Director Paul D. Westerman acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $10.14 per share, with a total value of $101,400.00. Following the completion of the transaction, the director now directly owns 25,488 shares in the company, valued at approximately $258,448.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GPOR. State of Alaska Department of Revenue acquired a new stake in Gulfport Energy during the 4th quarter worth approximately $137,000. Element Capital Management LLC acquired a new stake in Gulfport Energy during the 1st quarter worth approximately $140,000. Oakbrook Investments LLC acquired a new stake in Gulfport Energy during the 4th quarter worth approximately $180,000. Delpha Capital Management LLC acquired a new stake in Gulfport Energy during the 4th quarter worth approximately $187,000. Finally, KBC Group NV acquired a new stake in Gulfport Energy during the 1st quarter worth approximately $205,000. 92.27% of the stock is owned by institutional investors and hedge funds.
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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