Gulfport Energy (GPOR) Receives Buy Rating from Piper Jaffray Companies

Gulfport Energy (NASDAQ:GPOR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Piper Jaffray Companies in a research note issued on Tuesday, January 9th. They presently have a $20.00 price target on the oil and gas producer’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 49.70% from the company’s previous close.

Several other analysts also recently commented on GPOR. Scotiabank reissued a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy in a research report on Monday, October 9th. KeyCorp reissued a “buy” rating and issued a $18.00 target price on shares of Gulfport Energy in a research report on Tuesday, September 19th. ValuEngine downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Morgan Stanley upped their price objective on shares of Gulfport Energy from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $20.86.

Gulfport Energy (GPOR) opened at $13.36 on Tuesday. Gulfport Energy has a 1 year low of $10.90 and a 1 year high of $22.35. The company has a market cap of $2,445.97, a P/E ratio of -49.48, a P/E/G ratio of 0.28 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The business had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The business’s revenue was up 37.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. equities analysts anticipate that Gulfport Energy will post 1.36 EPS for the current fiscal year.

In other news, CEO Michael G. Moore sold 118,494 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.16, for a total value of $1,440,887.04. Following the completion of the transaction, the chief executive officer now owns 295,449 shares in the company, valued at approximately $3,592,659.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Steve Baldwin sold 4,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.17, for a total transaction of $48,680.00. Following the completion of the transaction, the vice president now owns 32,634 shares of the company’s stock, valued at approximately $397,155.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,253 shares of company stock valued at $1,839,219. Corporate insiders own 0.21% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Gulfport Energy by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 712 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Gulfport Energy by 76.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 4,153 shares during the last quarter. BKS Advisors LLC bought a new stake in shares of Gulfport Energy in the 3rd quarter worth about $161,000. Cubist Systematic Strategies LLC grew its holdings in shares of Gulfport Energy by 28,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,400 shares of the oil and gas producer’s stock worth $212,000 after purchasing an additional 14,350 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Gulfport Energy in the 2nd quarter worth about $216,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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About Gulfport Energy

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.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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