Gulfport Energy Co. (NASDAQ:GPOR) shares dropped 7.2% during mid-day trading on Wednesday . The company traded as low as $3.15 and last traded at $2.98, approximately 84,224 shares changed hands during mid-day trading. A decline of 98% from the average daily volume of 3,993,756 shares. The stock had previously closed at $3.21.
GPOR has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $11.00 to $5.00 in a research report on Monday, July 15th. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.75 price objective for the company in a research note on Tuesday, August 6th. BidaskClub lowered shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 16th. Finally, Credit Suisse Group lowered shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $10.18.
The business has a fifty day moving average of $3.90. The stock has a market cap of $528.90 million, a PE ratio of 1.63, a price-to-earnings-growth ratio of 0.27 and a beta of 0.81. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Gulfport Energy had a return on equity of 7.34% and a net margin of 33.82%. The firm had revenue of $459.00 million for the quarter, compared to the consensus estimate of $312.43 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm’s revenue was up 81.6% on a year-over-year basis. On average, analysts forecast that Gulfport Energy Co. will post 1.09 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in GPOR. JPMorgan Chase & Co. increased its holdings in Gulfport Energy by 135.3% in 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 during the last quarter. Norges Bank bought a new stake in shares of Gulfport Energy in the fourth quarter valued at approximately $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 valued at $9,484,000 after acquiring an additional 1,182,541 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of Gulfport Energy in the first quarter valued at approximately $8,278,000. Finally, KBC Group NV boosted its position in shares of Gulfport Energy by 818.9% in the second quarter. KBC Group NV now owns 715,770 shares of the oil and gas producer’s stock valued at $3,514,000 after acquiring an additional 637,876 shares during the period. Hedge funds and other institutional investors own 95.99% 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.
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