Gulfport Energy (GPOR) Upgraded at BidaskClub

BidaskClub upgraded shares of Gulfport Energy (NASDAQ:GPOR) from a sell rating to a hold rating in a research note published on Thursday morning.

GPOR has been the topic of a number of other reports. Wolfe Research downgraded shares of Gulfport Energy from a market perform rating to an underperform rating in a report on Wednesday. Jefferies Group set a $15.00 price target on shares of Gulfport Energy and gave the stock a buy rating in a report on Tuesday, May 15th. Williams Capital set a $14.00 price target on shares of Gulfport Energy and gave the stock a buy rating in a report on Wednesday, May 9th. ValuEngine downgraded shares of Gulfport Energy from a sell rating to a strong sell rating in a report on Wednesday, May 2nd. Finally, B. Riley assumed coverage on shares of Gulfport Energy in a report on Monday, February 5th. They set a neutral rating and a $11.25 price target on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $17.32.

GPOR stock opened at $10.65 on Thursday. The firm has a market capitalization of $1.85 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.39 and a beta of 0.30. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.73. Gulfport Energy has a 12 month low of $8.11 and a 12 month high of $16.32.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.42 by $0.14. The business had revenue of $325.40 million for the quarter, compared to the consensus estimate of $354.46 million. Gulfport Energy had a net margin of 28.25% and a return on equity of 10.03%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. research analysts expect that Gulfport Energy will post 1.36 EPS for the current fiscal year.

Gulfport Energy declared that its board has authorized a share buyback program on Monday, January 29th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

In related news, Director Paul D. Westerman acquired 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director now owns 25,488 shares of the company’s stock, valued at approximately $258,448.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in Gulfport Energy during the fourth quarter worth $137,000. Element Capital Management LLC acquired a new position in Gulfport Energy during the first quarter worth $140,000. Oakbrook Investments LLC acquired a new position in Gulfport Energy during the fourth quarter worth $180,000. Delpha Capital Management LLC acquired a new position in Gulfport Energy during the fourth quarter worth $187,000. Finally, KBC Group NV acquired a new stake in shares of Gulfport Energy in the first quarter valued at about $205,000. Institutional investors own 92.46% of the company’s stock.

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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