Gulfport Energy Co. (NASDAQ:GPOR)’s share price was up 0% during mid-day trading on Friday . The company traded as high as $10.72 and last traded at $10.71. Approximately 4,210,000 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 5,880,000 shares. The stock had previously closed at $10.71.
A number of equities analysts recently issued reports on GPOR shares. Zacks Investment Research lowered Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Piper Jaffray Companies restated a “buy” rating and issued a $20.00 target price on shares of Gulfport Energy in a research note on Tuesday, January 9th. ValuEngine lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Wells Fargo & Co reduced their target price on Gulfport Energy from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. Gulfport Energy currently has an average rating of “Buy” and an average target price of $18.82.
The stock has a market cap of $1,961.07, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.27 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.66.
Gulfport Energy announced that its Board of Directors has authorized a stock repurchase program on Monday, January 29th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas producer to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other Gulfport Energy news, CEO Michael G. Moore sold 118,494 shares of the stock in a transaction dated 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 directly owns 295,449 shares of the company’s stock, valued at approximately $3,592,659.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Groeschel sold 7,059 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.16, for a total value of $85,837.44. Following the sale, the director now owns 18,389 shares in the company, valued at $223,610.24. The disclosure for this sale can be found here. Insiders have sold a total of 151,253 shares of company stock worth $1,839,219 over the last ninety days. 0.31% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy during the 4th quarter valued at about $137,000. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy during the 3rd quarter valued at about $161,000. Oakbrook Investments LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter valued at about $180,000. Delpha Capital Management LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter valued at about $187,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Gulfport Energy during the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 87.79% of the company’s stock.
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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