Shares of Gulfport Energy Co. (NASDAQ:GPOR) have been assigned an average recommendation of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.36.
Several research analysts have recently commented on the stock. Seaport Global Securities reaffirmed a “neutral” rating on shares of Gulfport Energy in a report on Friday, September 7th. BidaskClub lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Williams Capital reaffirmed a “buy” rating and issued a $16.00 price target on shares of Gulfport Energy in a report on Monday, July 16th. JPMorgan Chase & Co. set a $13.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a report on Thursday, May 31st. Finally, KeyCorp decreased their price target on shares of Gulfport Energy from $15.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, May 24th.
In other Gulfport Energy news, VP Steve Baldwin sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $11.00, for a total transaction of $110,000.00. Following the completion of the transaction, the vice president now directly owns 40,918 shares of the company’s stock, valued at approximately $450,098. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.32% of the company’s stock.
Shares of GPOR traded up $0.01 during midday trading on Wednesday, hitting $10.72. The company had a trading volume of 3,350,070 shares, compared to its average volume of 2,839,582. The company has a market capitalization of $1.83 billion, a P/E ratio of 7.60, a PEG ratio of 0.34 and a beta of 0.35. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $15.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $252.74 million during the quarter, compared to the consensus estimate of $329.40 million. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The company’s revenue was down 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. sell-side analysts expect that Gulfport Energy will post 1.54 earnings per share for the current fiscal year.
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.
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