Gulfport Energy (GPOR) Price Target Cut to $14.00

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Gulfport Energy (NASDAQ:GPOR) had its target price cut by Jefferies Financial Group from $15.00 to $14.00 in a research note issued to investors on Tuesday morning. They currently have a hold rating on the oil and gas producer’s stock. Jefferies Financial Group also issued estimates for Gulfport Energy’s Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.83 EPS, Q2 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.40 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.44 EPS and FY2020 earnings at $1.95 EPS.

GPOR has been the topic of several other reports. BidaskClub cut Gulfport Energy from a strong-buy rating to a buy rating in a report on Thursday, July 12th. Williams Capital set a $16.00 price target on Gulfport Energy and gave the stock a buy rating in a report on Thursday, October 18th. Zacks Investment Research upgraded 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. Piper Jaffray Companies set a $13.00 price target on Gulfport Energy and gave the stock a buy rating in a report on Monday, October 8th. Finally, Oppenheimer set a $18.00 price target on Gulfport Energy and gave the stock a buy rating in a report on Friday, October 19th. Four analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $14.40.

NASDAQ GPOR traded up $0.11 during trading on Tuesday, hitting $9.65. 3,256,652 shares of the company’s stock were exchanged, compared to its average volume of 4,075,723. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.42 and a beta of 0.49. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $14.17.

Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The firm had revenue of $360.96 million during the quarter, compared to the consensus estimate of $360.39 million. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. On average, sell-side analysts predict that Gulfport Energy will post 1.72 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. United Services Automobile Association boosted its holdings in Gulfport Energy by 19.0% in the second quarter. United Services Automobile Association now owns 30,812 shares of the oil and gas producer’s stock valued at $387,000 after acquiring an additional 4,923 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Gulfport Energy by 21.4% in the second quarter. BNP Paribas Arbitrage SA now owns 34,191 shares of the oil and gas producer’s stock valued at $430,000 after acquiring an additional 6,038 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in Gulfport Energy by 12.5% in the second quarter. Aviance Capital Partners LLC now owns 56,215 shares of the oil and gas producer’s stock valued at $706,000 after acquiring an additional 6,237 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its holdings in Gulfport Energy by 6.0% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 114,930 shares of the oil and gas producer’s stock valued at $1,445,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Advisors Preferred LLC boosted its holdings in Gulfport Energy by 39.8% in the third quarter. Advisors Preferred LLC now owns 24,527 shares of the oil and gas producer’s stock valued at $255,000 after acquiring an additional 6,979 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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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