Gulfport Energy (NASDAQ:GPOR) Shares Gap Down to $3.23

Gulfport Energy Co. (NASDAQ:GPOR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.14, but opened at $3.23. Gulfport Energy shares last traded at $3.02, with a volume of 152,196 shares traded.

Several research firms recently commented on GPOR. BidaskClub downgraded shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 16th. Zacks Investment Research upgraded shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.75 price target on the stock in a research report on Tuesday. Credit Suisse Group downgraded shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 9th. Finally, Jefferies Financial Group downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $11.00 to $5.00 in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Gulfport Energy presently has an average rating of “Hold” and an average target price of $10.18.

The stock has a market cap of $560.67 million, a PE ratio of 1.69, a price-to-earnings-growth ratio of 0.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.34 and a current ratio of 0.64. The firm has a 50-day moving average of $4.16.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $459.00 million during the quarter, compared to analyst estimates of $312.43 million. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. Gulfport Energy’s revenue for the quarter was up 81.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. Research analysts forecast that Gulfport Energy Co. will post 1.1 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of Gulfport Energy by 567.1% in the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 3,448 shares in the last quarter. Coastal Capital Group Inc. bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at $34,000. Capital Advisors Ltd. LLC bought a new stake in shares of Gulfport Energy in the 1st quarter valued at $35,000. Magnus Financial Group LLC bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at $57,000. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Gulfport Energy in the 1st quarter valued at $84,000. Institutional investors own 97.17% of the company’s stock.

About Gulfport Energy (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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