Williams Capital lowered shares of Gulfport Energy (NASDAQ:GPOR) from a buy rating to a hold rating in a research note issued to investors on Monday, The Fly reports.
Several other equities analysts also recently weighed in on GPOR. Jefferies Financial Group downgraded shares of Gulfport Energy from a buy rating to a hold rating and dropped their target price for the company from $11.00 to $5.00 in a report on Monday, July 15th. Credit Suisse Group downgraded shares of Gulfport Energy from a neutral rating to an underperform rating in a report on Tuesday, July 9th. BidaskClub downgraded shares of Gulfport Energy from a sell rating to a strong sell rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research upgraded shares of Gulfport Energy from a sell rating to a hold rating and set a $3.75 price target for the company in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $9.68.
NASDAQ:GPOR opened at $3.03 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $3.65 and a two-hundred day moving average price of $6.07. Gulfport Energy has a twelve month low of $2.84 and a twelve month high of $12.08. The company has a market capitalization of $500.37 million, a P/E ratio of 1.66, a price-to-earnings-growth ratio of 0.26 and a beta of 0.81.
Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. The firm had revenue of $459.00 million during the quarter, compared to the consensus estimate of $312.43 million. During the same period last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 81.6% on a year-over-year basis. On average, equities research analysts predict that Gulfport Energy will post 1.09 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of GPOR. JPMorgan Chase & Co. grew its holdings in shares of Gulfport Energy by 135.3% during the second quarter. JPMorgan Chase & Co. now owns 6,365,656 shares of the oil and gas producer’s stock worth $31,000,000 after buying an additional 3,660,115 shares in the last quarter. Norges Bank purchased a new stake in shares of Gulfport Energy during the fourth quarter worth about $17,417,000. FMR LLC boosted its position in shares of Gulfport Energy by 4,927,254.2% in the first quarter. FMR LLC now owns 1,182,565 shares of the oil and gas producer’s stock worth $9,484,000 after acquiring an additional 1,182,541 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Gulfport Energy in the first quarter worth approximately $8,278,000. Finally, Nuveen Asset Management LLC boosted its position in shares of Gulfport Energy by 62.0% in the second quarter. Nuveen Asset Management LLC now owns 2,392,239 shares of the oil and gas producer’s stock worth $11,746,000 after acquiring an additional 915,199 shares during the last quarter. Institutional investors and hedge funds own 96.49% 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 North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.
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