Gulfport Energy Co. (NASDAQ:GPOR) shares were up 7.7% on Friday . The stock traded as high as $2.82 and last traded at $2.79, approximately 3,826,746 shares traded hands during trading. A decline of 10% from the average daily volume of 4,271,545 shares. The stock had previously closed at $2.59.
Several equities research analysts have recently weighed in on GPOR shares. Credit Suisse Group cut Gulfport Energy from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 9th. Zacks Investment Research upgraded Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.25 price target on the stock in a research report on Monday, September 9th. BidaskClub cut Gulfport Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Wells Fargo & Co upped their price target on Gulfport Energy from $5.00 to $6.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Finally, ValuEngine upgraded Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $9.22.
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 company’s 50-day moving average is $2.77 and its two-hundred day moving average is $4.82. The company has a market capitalization of $433.55 million, a P/E ratio of 1.52, a PEG ratio of 0.11 and a beta of 0.89.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $459.00 million for the quarter, compared to analysts’ expectations of $312.43 million. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. Gulfport Energy’s revenue for the quarter was up 81.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. On average, sell-side analysts predict that Gulfport Energy Co. will post 1.12 EPS for the current year.
In other news, CEO David M. Wood bought 40,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was acquired at an average price of $2.44 per share, with a total value of $97,600.00. Following the completion of the purchase, the chief executive officer now directly owns 1,005,449 shares in the company, valued at $2,453,295.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Quentin R. Hicks bought 15,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was purchased at an average cost of $2.38 per share, with a total value of $35,700.00. Following the purchase, 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 currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Coastal Capital Group Inc. purchased a new stake in Gulfport Energy in the second quarter worth approximately $34,000. Enterprise Bank & Trust Co purchased a new stake in Gulfport Energy in the third quarter worth approximately $41,000. Magnus Financial Group LLC purchased a new stake in Gulfport Energy in the second quarter worth approximately $57,000. Cerebellum GP LLC purchased a new stake in Gulfport Energy in the third quarter worth approximately $79,000. Finally, AMP Capital Investors Ltd boosted its stake 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 buying an additional 7,200 shares in the last quarter. 97.42% of the stock is owned by institutional investors and hedge funds.
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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