Gulfport Energy Co. (GPOR) Receives Average Recommendation of “Buy” from Brokerages

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Gulfport Energy Co. (NASDAQ:GPOR) has earned an average recommendation of “Buy” from the twenty-two research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.36.

Several analysts have recently commented on GPOR shares. BidaskClub raised Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Jefferies Financial Group set a $15.00 target price on Gulfport Energy and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Williams Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of Gulfport Energy in a research report on Wednesday, May 23rd. ValuEngine cut Gulfport Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Wolfe Research cut Gulfport Energy from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 16th.

In related news, VP Steve Baldwin sold 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $11.00, for a total transaction of $110,000.00. Following the completion of the sale, the vice president now owns 40,918 shares of the company’s stock, valued at $450,098. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Element Capital Management LLC bought a new position in Gulfport Energy during the first quarter valued at about $140,000. Delpha Capital Management LLC bought a new position in Gulfport Energy during the fourth quarter valued at about $187,000. MANA Advisors LLC bought a new position in Gulfport Energy during the fourth quarter valued at about $268,000. KBC Group NV bought a new position in Gulfport Energy during the first quarter valued at about $205,000. Finally, Tibra Equities Europe Ltd bought a new position in Gulfport Energy during the first quarter valued at about $243,000. Institutional investors own 89.55% of the company’s stock.

GPOR opened at $12.39 on Friday. The firm has a market cap of $2.16 billion, a PE ratio of 8.79, a P/E/G ratio of 0.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.61 and a quick ratio of 0.61. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $15.09.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.14. The business had revenue of $325.40 million during the quarter, compared to analyst estimates of $354.46 million. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. equities research analysts forecast that Gulfport Energy will post 1.51 earnings per share for the current fiscal year.

About Gulfport Energy

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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