Gulfport Energy Co. (NASDAQ:GPOR) gapped up before the market opened on Monday . The stock had previously closed at $8.40, but opened at $9.10. Gulfport Energy shares last traded at $9.87, with a volume of 6220746 shares changing hands.
Several brokerages have recently weighed in on GPOR. Oppenheimer began coverage on Gulfport Energy in a research report on Wednesday, October 3rd. They issued an “outperform” rating and a $18.00 target price for the company. BidaskClub downgraded Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Morgan Stanley set a $8.00 target price on Gulfport Energy and gave the stock a “sell” rating in a research report on Monday. Williams Capital set a $16.00 target price on Gulfport Energy and gave the stock a “buy” rating in a research report on Thursday, October 18th. Finally, Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, October 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.45.
The firm has a market cap of $1.58 billion, a P/E ratio of 7.00, a PEG ratio of 0.42 and a beta of 0.49. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.64.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. The firm had revenue of $360.96 million during the quarter, compared to the consensus estimate of $360.39 million. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. As a group, analysts anticipate that Gulfport Energy Co. will post 1.62 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. United Services Automobile Association boosted its holdings in Gulfport Energy by 19.0% in the second quarter. United Services Automobile Association now owns 30,812 shares of the oil and gas producer’s stock valued at $387,000 after purchasing an additional 4,923 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Gulfport Energy by 21.4% during the second quarter. BNP Paribas Arbitrage SA now owns 34,191 shares of the oil and gas producer’s stock valued at $430,000 after buying an additional 6,038 shares in the last quarter. Aviance Capital Partners LLC raised its stake in Gulfport Energy by 12.5% during the second quarter. Aviance Capital Partners LLC now owns 56,215 shares of the oil and gas producer’s stock valued at $706,000 after buying an additional 6,237 shares in the last quarter. Shepherd Kaplan Krochuk LLC raised its stake in Gulfport Energy by 6.0% during the second quarter. Shepherd Kaplan Krochuk LLC now owns 114,930 shares of the oil and gas producer’s stock valued at $1,445,000 after buying an additional 6,500 shares in the last quarter. Finally, Advisors Preferred LLC raised its stake in Gulfport Energy by 39.8% during the third quarter. Advisors Preferred LLC now owns 24,527 shares of the oil and gas producer’s stock valued at $255,000 after buying an additional 6,979 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.
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Gulfport Energy Company Profile (NASDAQ:GPOR)
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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