Gulfport Energy Co. (NASDAQ:GPOR) shares were up 6.6% during mid-day trading on Wednesday . The company traded as high as $2.80 and last traded at $2.75, approximately 4,312,300 shares changed hands during mid-day trading. An increase of 1% from the average daily volume of 4,286,040 shares. The stock had previously closed at $2.58.
A number of equities analysts recently issued reports on GPOR shares. Credit Suisse Group downgraded shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 9th. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.25 price objective on the stock in a report on Monday, September 9th. Piper Jaffray Companies set a $7.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Peel Hunt reissued a “hold” rating on shares of Gulfport Energy in a report on Tuesday. Finally, ValuEngine raised shares of Gulfport Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.47.
The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a market cap of $415.61 million, a PE ratio of 1.50, a P/E/G ratio of 0.12 and a beta of 0.89. The firm’s fifty day simple moving average is $2.81 and its two-hundred day simple moving average is $4.51.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, beating the 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 business had revenue of $459.00 million for the quarter, compared to the consensus estimate of $312.43 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 81.6% on a year-over-year basis. As a group, analysts anticipate that Gulfport Energy Co. will post 1.05 earnings per share for the current fiscal year.
In related news, CEO David M. Wood acquired 40,000 shares of Gulfport Energy stock in a transaction dated Friday, August 30th. The shares were purchased at an average price of $2.44 per share, for a total transaction of $97,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,005,449 shares in the company, valued at approximately $2,453,295.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Quentin R. Hicks acquired 15,000 shares of Gulfport Energy stock in a transaction dated Friday, August 30th. The shares were bought at an average price of $2.38 per share, for a total transaction of $35,700.00. Following the transaction, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $35,700. The disclosure for this purchase can be found here. 0.45% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Gulfport Energy by 1.3% in the second quarter. Swiss National Bank now owns 288,058 shares of the oil and gas producer’s stock worth $1,414,000 after purchasing an additional 3,800 shares during the last quarter. Cerebellum GP LLC bought a new stake in Gulfport Energy in the third quarter worth $79,000. Comerica Bank increased its position in Gulfport Energy by 2.6% in the second quarter. Comerica Bank now owns 269,824 shares of the oil and gas producer’s stock worth $996,000 after purchasing an additional 6,732 shares during the last quarter. Coastal Capital Group Inc. bought a new stake in Gulfport Energy in the second quarter worth $34,000. Finally, AMP Capital Investors Ltd increased its position in Gulfport Energy by 41.1% in the second quarter. AMP Capital Investors Ltd now owns 24,700 shares of the oil and gas producer’s stock worth $120,000 after purchasing an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.
Gulfport Energy Company Profile (NASDAQ:GPOR)
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.
Recommended Story: How to Track your Portfolio in Google Finance
Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.