Gulfport Energy Corporation (GPOR) Given Average Recommendation of “Buy” by Analysts

Gulfport Energy Corporation (NASDAQ:GPOR) has earned a consensus rating of “Buy” from the twenty-five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.00.

A number of brokerages have weighed in on GPOR. Barclays lowered shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Monday, November 20th. Credit Suisse Group started coverage on Gulfport Energy in a research note on Monday, December 11th. They issued a “neutral” rating and a $15.00 price objective for the company. Williams Capital set a $18.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research note on Monday, November 27th. Piper Jaffray Companies reduced their price objective on Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Finally, Scotiabank restated a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research note on Monday, October 9th.

In other Gulfport Energy news, VP Steve Baldwin sold 4,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.17, for a total value of $48,680.00. Following the completion of the sale, the vice president now owns 32,634 shares in the company, valued at approximately $397,155.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Craig Groeschel sold 7,059 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $85,837.44. Following the completion of the sale, the director now owns 18,389 shares of the company’s stock, valued at approximately $223,610.24. The disclosure for this sale can be found here. Insiders sold a total of 151,253 shares of company stock valued at $1,839,219 in the last quarter. 0.31% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Gulfport Energy by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 712 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Gulfport Energy by 76.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 4,153 shares in the last quarter. BKS Advisors LLC bought a new position in shares of Gulfport Energy during the 3rd quarter valued at about $161,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Gulfport Energy by 28,700.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,400 shares of the oil and gas producer’s stock valued at $212,000 after purchasing an additional 14,350 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of Gulfport Energy during the 2nd quarter valued at about $216,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Shares of Gulfport Energy (NASDAQ GPOR) opened at $13.45 on Friday. The firm has a market cap of $2,475.27, a price-to-earnings ratio of -49.81, a price-to-earnings-growth ratio of 0.28 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. Gulfport Energy has a 12 month low of $10.90 and a 12 month high of $22.35.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. Gulfport Energy’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. equities research analysts predict that Gulfport Energy will post 1.36 earnings per share for the current year.

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About Gulfport Energy

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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