Gulfport Energy (GPOR) Shares Gap Down to $6.54

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Gulfport Energy Co. (NASDAQ:GPOR) shares gapped down prior to trading on Thursday . The stock had previously closed at $6.71, but opened at $6.54. Gulfport Energy shares last traded at $6.23, with a volume of 4481636 shares traded.

Several research firms have recently weighed in on GPOR. BidaskClub cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Guggenheim cut shares of Gulfport Energy from a “buy” rating to a “neutral” rating and set a $8.43 price target on the stock. in a report on Tuesday, January 29th. Morgan Stanley set a $7.00 price target on shares of Gulfport Energy and gave the stock a “sell” rating in a report on Tuesday, January 29th. TheStreet raised shares of Gulfport Energy from a “d+” rating to a “c-” rating in a report on Monday, April 1st. Finally, Oppenheimer cut shares of Gulfport Energy from an “outperform” rating to a “market perform” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. Gulfport Energy currently has a consensus rating of “Hold” and an average price target of $11.68.

The company has a market cap of $1.11 billion, a P/E ratio of 3.40, a price-to-earnings-growth ratio of 0.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.34 and a quick ratio of 0.34.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The business had revenue of $320.58 million for the quarter, compared to analysts’ expectations of $313.11 million. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Equities analysts anticipate that Gulfport Energy Co. will post 1.16 earnings per share for the current fiscal year.

In other news, CEO David M. Wood bought 10,000 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $8.06 per share, with a total value of $80,600.00. Following the completion of the purchase, the chief executive officer now directly owns 360,610 shares in the company, valued at $2,906,516.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Gulfport Energy by 8.9% during the third quarter. Bank of New York Mellon Corp now owns 2,092,462 shares of the oil and gas producer’s stock worth $21,781,000 after acquiring an additional 171,681 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Gulfport Energy by 76.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,414,119 shares of the oil and gas producer’s stock valued at $45,952,000 after purchasing an additional 1,916,848 shares during the period. AQR Capital Management LLC boosted its position in shares of Gulfport Energy by 311.4% in the 3rd quarter. AQR Capital Management LLC now owns 108,990 shares of the oil and gas producer’s stock valued at $1,135,000 after purchasing an additional 82,497 shares during the period. Vanguard Group Inc. boosted its position in shares of Gulfport Energy by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 13,541,721 shares of the oil and gas producer’s stock valued at $140,969,000 after purchasing an additional 283,479 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Gulfport Energy by 1.2% in the 3rd quarter. Teachers Advisors LLC now owns 338,278 shares of the oil and gas producer’s stock valued at $3,521,000 after purchasing an additional 4,057 shares during the period. 97.60% of the stock is currently owned by institutional investors and hedge funds.

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Gulfport Energy Company Profile (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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