Gulfport Energy (GPOR) Upgraded to Hold at BidaskClub

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BidaskClub upgraded shares of Gulfport Energy (NASDAQ:GPOR) from a sell rating to a hold rating in a report released on Friday morning.

Several other equities research analysts also recently commented on GPOR. JPMorgan Chase & Co. dropped their price objective on shares of Gulfport Energy from $13.00 to $12.00 and set an overweight rating on the stock in a report on Wednesday, August 29th. Seaport Global Securities reaffirmed a neutral rating on shares of Gulfport Energy in a report on Friday, September 7th. Oppenheimer started coverage on shares of Gulfport Energy in a report on Wednesday, October 3rd. They set an outperform rating and a $18.00 price objective on the stock. Piper Jaffray Companies set a $13.00 price objective on shares of Gulfport Energy and gave the company a buy rating in a report on Monday, October 8th. Finally, Zacks Investment Research raised shares of Gulfport Energy from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $12.72.

NASDAQ GPOR opened at $9.32 on Friday. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 0.38 and a beta of 0.48. Gulfport Energy has a 52 week low of $8.07 and a 52 week high of $13.74. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The business had revenue of $360.96 million for the quarter, compared to the consensus estimate of $360.39 million. Gulfport Energy had a net margin of 33.89% and a return on equity of 10.26%. On average, analysts anticipate that Gulfport Energy will post 1.81 earnings per share for the current fiscal year.

In related news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average cost of $8.44 per share, with a total value of $84,400.00. Following the completion of the purchase, the director now directly owns 56,689 shares of the company’s stock, valued at approximately $478,455.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in GPOR. LSV Asset Management raised its stake in Gulfport Energy by 320.4% in the third quarter. LSV Asset Management now owns 8,997,054 shares of the oil and gas producer’s stock valued at $93,659,000 after purchasing an additional 6,857,054 shares in the last quarter. BlackRock Inc. raised its stake in Gulfport Energy by 28.6% in the second quarter. BlackRock Inc. now owns 18,812,910 shares of the oil and gas producer’s stock valued at $236,478,000 after purchasing an additional 4,185,982 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Gulfport Energy by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,068,045 shares of the oil and gas producer’s stock valued at $176,834,000 after acquiring an additional 2,578,672 shares during the last quarter. JPMorgan Chase & Co. grew its position in Gulfport Energy by 76.8% during the third quarter. JPMorgan Chase & Co. now owns 4,414,119 shares of the oil and gas producer’s stock valued at $45,952,000 after acquiring an additional 1,916,848 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new position in Gulfport Energy during the second quarter valued at approximately $20,280,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Gulfport Energy Company Profile

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.

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Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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