Several other analysts have also recently weighed in on GPOR. MKM Partners initiated coverage on Gulfport Energy in a research report on Wednesday, December 5th. They set a neutral rating and a $10.00 price objective on the stock. JPMorgan Chase & Co. cut Gulfport Energy from an overweight rating to a neutral rating and dropped their price target for the stock from $11.00 to $8.00 in a research report on Friday, December 7th. Williams Capital set a $15.00 price target on Gulfport Energy and gave the stock a buy rating in a research report on Wednesday, December 12th. Zacks Investment Research cut Gulfport Energy from a buy rating to a hold rating in a research report on Monday, December 17th. Finally, Capital One Financial cut Gulfport Energy from an overweight rating to an equal weight rating in a research report on Thursday, December 20th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Gulfport Energy presently has an average rating of Hold and a consensus target price of $11.64.
NASDAQ GPOR opened at $7.50 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.24 billion, a P/E ratio of 4.13, a price-to-earnings-growth ratio of 0.50 and a beta of 0.96. Gulfport Energy has a 1 year low of $6.18 and a 1 year high of $13.41.
In related news, CEO David M. Wood acquired 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $8.06 per share, for a total transaction of $80,600.00. Following the purchase, the chief executive officer now directly owns 360,610 shares of the company’s stock, valued at approximately $2,906,516.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.
Large investors have recently bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in Gulfport Energy by 71.1% in the 4th quarter. Squarepoint Ops LLC now owns 98,708 shares of the oil and gas producer’s stock worth $647,000 after buying an additional 41,008 shares during the period. Martingale Asset Management L P boosted its holdings in Gulfport Energy by 27.0% in the 3rd quarter. Martingale Asset Management L P now owns 160,402 shares of the oil and gas producer’s stock worth $1,670,000 after buying an additional 34,056 shares during the period. Deutsche Bank AG boosted its holdings in Gulfport Energy by 156.1% in the 3rd quarter. Deutsche Bank AG now owns 1,350,437 shares of the oil and gas producer’s stock worth $14,055,000 after buying an additional 823,148 shares during the period. First Trust Advisors LP boosted its holdings in Gulfport Energy by 9.9% in the 4th quarter. First Trust Advisors LP now owns 527,564 shares of the oil and gas producer’s stock worth $3,456,000 after buying an additional 47,489 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Gulfport Energy by 12.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 176,000 shares of the oil and gas producer’s stock worth $1,153,000 after buying an additional 19,000 shares during the period. Hedge funds and other institutional investors own 97.60% of the company’s stock.
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 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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