A number of other brokerages have also recently commented on GPOR. Credit Suisse Group initiated coverage on Gulfport Energy in a research report on Monday, December 11th. They issued a neutral rating and a $15.00 price target on the stock. BidaskClub cut Gulfport Energy from a hold rating to a sell rating in a research report on Friday, February 2nd. Mizuho set a $18.00 price target on Gulfport Energy and gave the stock a buy rating in a research report on Tuesday, January 16th. Morgan Stanley decreased their price target on Gulfport Energy from $11.00 to $10.00 and set an underweight rating on the stock in a research report on Wednesday, January 24th. Finally, KeyCorp decreased their price target on Gulfport Energy from $18.00 to $15.00 and set a buy rating on the stock in a research report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $19.06.
Gulfport Energy (NASDAQ:GPOR) opened at $9.90 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1,810.00, a price-to-earnings ratio of 4.07, a price-to-earnings-growth ratio of 0.25 and a beta of 0.41. Gulfport Energy has a 12-month low of $8.11 and a 12-month high of $18.59.
Gulfport Energy declared that its board has initiated a share buyback plan on Monday, January 29th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the oil and gas producer to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the director now directly owns 15,488 shares in the company, valued at approximately $197,472. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Keri Crowell sold 16,000 shares of Gulfport Energy stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.16, for a total value of $194,560.00. Following the completion of the transaction, the chief financial officer now owns 81,092 shares in the company, valued at approximately $986,078.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,253 shares of company stock worth $1,839,219. Company insiders own 0.21% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at about $137,000. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy during the third quarter valued at about $161,000. Oakbrook Investments LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at about $180,000. Cubist Systematic Strategies LLC boosted its stake in shares of Gulfport Energy by 28,700.0% during the second 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 in the last quarter. Finally, Delpha Capital Management LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at about $187,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.
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Gulfport Energy Company Profile
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.
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