Gulfport Energy Co. (NASDAQ:GPOR) shares reached a new 52-week low on Tuesday . The stock traded as low as $4.36 and last traded at $4.38, with a volume of 13891 shares. The stock had previously closed at $4.47.
Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 29th. CIBC restated a “buy” rating and set a $57.50 price objective on shares of Agnico Eagle Mines in a report on Friday, April 5th. Credit Suisse Group upgraded shares of Laredo Petroleum from an “underperform” rating to a “neutral” rating and set a $2.83 price objective on the stock in a report on Tuesday. They noted that the move was a valuation call. TheStreet downgraded shares of Whitestone REIT from a “b-” rating to a “c+” rating in a report on Monday, April 1st. Finally, Oppenheimer downgraded shares of Gulfport Energy from an “outperform” rating to a “market perform” rating in a report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Gulfport Energy presently has an average rating of “Hold” and a consensus target price of $11.43.
The company’s fifty day moving average price is $5.11. The stock has a market cap of $700.84 million, a P/E ratio of 2.35, a PEG ratio of 0.28 and a beta of 0.86. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.63.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The company had revenue of $320.58 million during the quarter, compared to the consensus estimate of $313.11 million. Gulfport Energy had a net margin of 29.83% and a return on equity of 8.28%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. On average, equities research analysts anticipate that Gulfport Energy Co. will post 1.18 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Searle & CO. purchased a new stake in shares of Gulfport Energy in the first quarter valued at about $281,000. Squarepoint Ops LLC grew its position in Gulfport Energy by 71.1% during the fourth quarter. Squarepoint Ops LLC now owns 98,708 shares of the oil and gas producer’s stock valued at $647,000 after buying an additional 41,008 shares during the period. BlackRock Inc. grew its position in Gulfport Energy by 28.8% during the fourth quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock valued at $160,873,000 after buying an additional 5,492,062 shares during the period. First Trust Advisors LP grew its position in Gulfport Energy by 9.9% during the fourth quarter. First Trust Advisors LP now owns 527,564 shares of the oil and gas producer’s stock valued at $3,456,000 after buying an additional 47,489 shares during the period. Finally, Penn Capital Management Co. Inc. grew its position in Gulfport Energy by 133.4% during the first quarter. Penn Capital Management Co. Inc. now owns 128,954 shares of the oil and gas producer’s stock valued at $1,034,000 after buying an additional 73,704 shares during the period. Institutional investors own 98.25% of the company’s stock.
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 North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.
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