Gulfport Energy (NASDAQ:GPOR) had its price objective lifted by Morgan Stanley from $7.00 to $8.00 in a research report sent to investors on Monday. They currently have a sell rating on the oil and gas producer’s stock.
A number of other research firms have also commented on GPOR. BidaskClub lowered shares of Gulfport Energy from a strong-buy rating to a buy rating in a research report on Thursday, July 12th. Williams Capital restated a buy rating and issued a $16.00 price target on shares of Gulfport Energy in a research report on Monday, July 16th. TheStreet upgraded shares of Gulfport Energy from a d+ rating to a c rating in a research report on Thursday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Gulfport Energy from $13.00 to $12.00 and set an overweight rating on the stock in a research report on Wednesday, August 29th. Finally, Seaport Global Securities restated a neutral rating on shares of Gulfport Energy in a research report on Friday, September 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $14.40.
Shares of Gulfport Energy stock traded down $0.12 during trading on Monday, hitting $9.75. 94,744 shares of the company’s stock traded hands, compared to its average volume of 4,145,935. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.54 and a current ratio of 0.54. Gulfport Energy has a twelve month low of $8.11 and a twelve month high of $14.42. The firm has a market cap of $1.58 billion, a P/E ratio of 6.99, a price-to-earnings-growth ratio of 0.42 and a beta of 0.49.
Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. Gulfport Energy had a net margin of 33.89% and a return on equity of 10.26%. The business had revenue of $360.96 million for the quarter, compared to analyst estimates of $360.39 million. On average, equities analysts forecast that Gulfport Energy will post 1.62 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in GPOR. Legal & General Group Plc raised its stake in shares of Gulfport Energy by 14.8% in the first quarter. Legal & General Group Plc now owns 186,645 shares of the oil and gas producer’s stock worth $1,802,000 after acquiring an additional 24,072 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Gulfport Energy in the second quarter worth about $170,000. Edge Wealth Management LLC bought a new position in shares of Gulfport Energy in the second quarter worth about $251,000. DFT Energy LP raised its stake in shares of Gulfport Energy by 67.6% in the second quarter. DFT Energy LP now owns 570,000 shares of the oil and gas producer’s stock worth $7,165,000 after acquiring an additional 230,000 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Gulfport Energy in the second quarter worth about $5,040,000. 96.07% of the stock is owned by institutional investors.
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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