Piper Jaffray Companies Reiterates “Buy” Rating for Gulfport Energy (GPOR)

Gulfport Energy (NASDAQ:GPOR)‘s stock had its “buy” rating reiterated by equities research analysts at Piper Jaffray Companies in a research report issued on Tuesday. They presently have a $20.00 target price on the oil and gas producer’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 53.61% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target on shares of Gulfport Energy in a research report on Thursday, December 14th. JPMorgan Chase & Co. raised shares of Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research report on Friday, December 15th. SunTrust Banks reissued a “buy” rating and issued a $26.00 price objective on shares of Gulfport Energy in a research report on Friday, December 8th. Credit Suisse Group assumed coverage on shares of Gulfport Energy in a research report on Monday, December 11th. They issued a “neutral” rating and a $15.00 price objective on the stock. Finally, Williams Capital set a $18.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Gulfport Energy presently has a consensus rating of “Buy” and an average target price of $20.86.

Gulfport Energy (NASDAQ:GPOR) traded up $0.31 during midday trading on Tuesday, reaching $13.02. 3,550,000 shares of the company’s stock traded hands, compared to its average volume of 3,300,000. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. Gulfport Energy has a 1 year low of $10.90 and a 1 year high of $22.35. The company has a market capitalization of $2,380.00, a price-to-earnings ratio of -48.22, a P/E/G ratio of 0.27 and a beta of 0.69.

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

In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the director now owns 15,488 shares of the company’s stock, valued at approximately $197,472. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steve Baldwin sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $397,155.78. The disclosure for this sale can be found here. Insiders sold 151,253 shares of company stock worth $1,839,219 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in shares of Gulfport Energy by 122.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock valued at $48,092,000 after acquiring an additional 1,794,132 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Gulfport Energy in the third quarter valued at about $292,000. Swiss National Bank grew its stake in shares of Gulfport Energy by 4.0% in the third quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock valued at $3,947,000 after acquiring an additional 10,700 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Gulfport Energy by 9.3% in the third quarter. Prudential Financial Inc. now owns 1,098,476 shares of the oil and gas producer’s stock valued at $15,752,000 after acquiring an additional 93,011 shares in the last quarter. Finally, Systematic Financial Management LP grew its stake in shares of Gulfport Energy by 8.1% in the third quarter. Systematic Financial Management LP now owns 543,303 shares of the oil and gas producer’s stock valued at $7,791,000 after acquiring an additional 40,577 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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Gulfport Energy Company Profile

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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