Gulfport Energy Co. (NASDAQ:GPOR) Short Interest Update

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Gulfport Energy Co. (NASDAQ:GPOR) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 22,740,300 shares, a decrease of 7.0% from the June 30th total of 24,452,000 shares. Based on an average daily trading volume, of 4,320,000 shares, the short-interest ratio is currently 5.3 days. Currently, 14.5% of the company’s stock are short sold.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.75 target price for the company in a report on Tuesday, August 6th. BidaskClub lowered Gulfport Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 16th. Credit Suisse Group lowered Gulfport Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 9th. Finally, Jefferies Financial Group lowered Gulfport Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $11.00 to $5.00 in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.18.

GPOR stock traded down $0.04 during midday trading on Thursday, reaching $2.94. The stock had a trading volume of 3,629,718 shares, compared to its average volume of 3,994,317. The stock has a market cap of $550.89 million, a PE ratio of 1.61, a P/E/G ratio of 0.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a fifty day simple moving average of $3.86 and a two-hundred day simple moving average of $6.19. Gulfport Energy has a 52-week low of $2.84 and a 52-week high of $12.08.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $459.00 million for the quarter, compared to the consensus estimate of $312.43 million. Gulfport Energy had a return on equity of 7.34% and a net margin of 33.82%. The firm’s revenue for the quarter was up 81.6% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, sell-side analysts predict that Gulfport Energy will post 1.09 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in GPOR. Dimensional Fund Advisors LP lifted its stake in Gulfport Energy by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,687,995 shares of the oil and gas producer’s stock valued at $96,209,000 after acquiring an additional 114,266 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Gulfport Energy by 148.9% in the fourth quarter. Legal & General Group Plc now owns 386,957 shares of the oil and gas producer’s stock valued at $2,563,000 after buying an additional 231,504 shares in the last quarter. Norges Bank bought a new position in shares of Gulfport Energy in the fourth quarter valued at $17,417,000. Nisa Investment Advisors LLC grew its stake in shares of Gulfport Energy by 468.1% in the first quarter. Nisa Investment Advisors LLC now owns 16,020 shares of the oil and gas producer’s stock valued at $128,000 after buying an additional 13,200 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in shares of Gulfport Energy by 45.5% in the first quarter. Brookstone Capital Management now owns 39,989 shares of the oil and gas producer’s stock valued at $321,000 after buying an additional 12,500 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.

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 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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