Gulfport Energy (GPOR) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Gulfport Energy (NASDAQ:GPOR) from a strong sell rating to a sell rating in a research report report published on Wednesday morning, BidAskClub reports.

Several other research firms have also weighed in on GPOR. Imperial Capital reaffirmed an outperform rating and set a $14.00 price target (down previously from $17.00) on shares of Gulfport Energy in a research report on Tuesday, January 22nd. Tudor Pickering raised Gulfport Energy from a hold rating to a buy rating in a research report on Friday, January 18th. Williams Capital reaffirmed a buy rating and set a $14.00 price target on shares of Gulfport Energy in a research report on Friday, January 18th. Guggenheim lowered Gulfport Energy from a buy rating to a neutral rating and set a $8.43 price target on the stock. in a research report on Tuesday, January 29th. Finally, Morgan Stanley set a $7.00 price target on Gulfport Energy and gave the stock a sell rating in a research report on Tuesday, January 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $11.68.

NASDAQ GPOR opened at $7.40 on Wednesday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 4.04, a PEG ratio of 0.45 and a beta of 0.87. The company has a current ratio of 0.34, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Gulfport Energy has a 52 week low of $6.18 and a 52 week high of $13.41.

Gulfport Energy (NASDAQ:GPOR) last released 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 firm had revenue of $320.58 million for the quarter, compared to analysts’ expectations of $313.11 million. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. As a group, equities analysts expect that Gulfport Energy will post 1.16 EPS for the current year.

In other Gulfport Energy news, CEO David M. Wood bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $8.06 per share, with a total value of $80,600.00. Following the acquisition, the chief executive officer now owns 360,610 shares of the company’s stock, valued at $2,906,516.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in shares of Gulfport Energy by 567.1% during the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 3,448 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new position in shares of Gulfport Energy during the 1st quarter worth approximately $35,000. First Hawaiian Bank acquired a new position in shares of Gulfport Energy during the 4th quarter worth approximately $45,000. CWM Advisors LLC acquired a new position in shares of Gulfport Energy during the 4th quarter worth approximately $67,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of Gulfport Energy during the 1st quarter worth approximately $84,000. 97.60% of the stock is currently 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 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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Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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