Gulfport Energy (NASDAQ:GPOR) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
Other equities analysts have also issued research reports about 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 Thursday, December 21st. Mizuho set a $18.00 target price on Gulfport Energy and gave the company a “buy” rating in a report on Tuesday, January 16th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $20.00 target price on shares of Gulfport Energy in a report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $26.00 target price on shares of Gulfport Energy in a report on Friday, December 8th. Finally, Scotiabank set a $22.00 target price on Gulfport Energy and gave the company a “buy” rating in a report on Saturday, November 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.06.
Gulfport Energy (GPOR) opened at $9.70 on Tuesday. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $17.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $1,780.00, a price-to-earnings ratio of 3.99, a price-to-earnings-growth ratio of 0.25 and a beta of 0.41.
Gulfport Energy announced that its board has authorized a stock buyback plan on Monday, January 29th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
In related news, CEO Michael G. Moore sold 118,494 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the sale, the chief executive officer now owns 295,449 shares of the company’s stock, valued at approximately $3,592,659.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Steve Baldwin sold 4,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.17, for a total value of $48,680.00. Following the sale, the vice president now directly owns 32,634 shares in the company, valued at approximately $397,155.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,253 shares of company stock worth $1,839,219. 0.21% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy during the 4th quarter valued at $137,000. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy during the 3rd quarter valued at $161,000. Oakbrook Investments LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter valued at $180,000. Delpha Capital Management LLC acquired a new position in Gulfport Energy during the 4th quarter worth about $187,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Gulfport Energy during the 3rd quarter worth about $211,000. 88.95% of the stock is currently owned by institutional investors.
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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.
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