Jefferies Financial Group Lowers Gulfport Energy (GPOR) Price Target to $14.00

Gulfport Energy (NASDAQ:GPOR) had its price objective decreased by Jefferies Financial Group from $15.00 to $14.00 in a research report released on Tuesday morning. Jefferies Financial Group currently has 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.

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Gulfport Energy currently has a consensus rating of Hold and a consensus target price of $14.40.

Shares of NASDAQ:GPOR traded up $0.13 during trading on Tuesday, hitting $9.67. The company had a trading volume of 275,095 shares, compared to its average volume of 4,112,057. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 0.43 and a beta of 0.49. Gulfport Energy has a one year low of $8.11 and a one year high of $14.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.54 and a quick ratio of 0.54.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.11. The business had revenue of $360.96 million during the quarter, compared to analyst estimates of $360.39 million. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. As a group, analysts expect that Gulfport Energy will post 1.72 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPOR. Acadian Asset Management LLC purchased a new position in Gulfport Energy during the 2nd quarter worth $101,000. Dupont Capital Management Corp bought a new stake in Gulfport Energy during the 3rd quarter valued at $103,000. Sigma Planning Corp bought a new stake in Gulfport Energy during the 2nd quarter valued at $154,000. Campbell & CO Investment Adviser LLC bought a new stake in Gulfport Energy during the 2nd quarter valued at $170,000. Finally, Advisors Preferred LLC bought a new stake in Gulfport Energy during the 2nd quarter valued at $221,000. Institutional investors 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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