Gulfport Energy (NASDAQ:GPOR) had its price objective lowered by Morgan Stanley from $8.00 to $7.00 in a research report report published on Tuesday morning, MarketBeat reports. The firm currently has a sell rating on the oil and gas producer’s stock.
Other equities research analysts have also recently issued reports about the stock. Seaport Global Securities reiterated a neutral rating on shares of Gulfport Energy in a research report on Friday, September 7th. BidaskClub cut shares of Gulfport Energy from a buy rating to a hold rating in a research report on Saturday, July 28th. Oppenheimer set a $18.00 target price on shares of Gulfport Energy and gave the company a buy rating in a research report on Friday, October 19th. Williams Capital set a $16.00 target price on shares of Gulfport Energy and gave the company a buy rating in a research report on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of Gulfport Energy from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Tuesday, October 16th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $14.22.
Shares of NASDAQ GPOR opened at $8.51 on Tuesday. The stock has a market capitalization of $1.49 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 0.36 and a beta of 0.49. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.64. Gulfport Energy has a 52 week low of $8.07 and a 52 week high of $13.74.
In other news, Director Paul D. Westerman acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $8.44 per share, with a total value of $84,400.00. Following the completion of the acquisition, the director now owns 56,689 shares of the company’s stock, valued at approximately $478,455.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Gulfport Energy by 1.4% in the third quarter. BlackRock Inc. now owns 19,069,070 shares of the oil and gas producer’s stock valued at $198,509,000 after purchasing an additional 256,160 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Gulfport Energy by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 14,573,729 shares of the oil and gas producer’s stock valued at $151,714,000 after purchasing an additional 505,684 shares during the period. Vanguard Group Inc. grew its holdings in shares of Gulfport Energy by 2.1% in the third quarter. Vanguard Group Inc. now owns 13,541,721 shares of the oil and gas producer’s stock valued at $140,969,000 after purchasing an additional 283,479 shares during the period. LSV Asset Management grew its holdings in shares of Gulfport Energy by 320.4% in the third quarter. LSV Asset Management now owns 8,997,054 shares of the oil and gas producer’s stock valued at $93,659,000 after purchasing an additional 6,857,054 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of Gulfport Energy by 6.2% in the second quarter. Schroder Investment Management Group now owns 5,540,742 shares of the oil and gas producer’s stock valued at $68,650,000 after purchasing an additional 323,782 shares during the period.
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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