Gulfport Energy (NASDAQ:GPOR) Shares Gap Down to $2.98

Gulfport Energy Co. (NASDAQ:GPOR) gapped down before the market opened on Thursday . The stock had previously closed at $2.84, but opened at $2.98. Gulfport Energy shares last traded at $2.86, with a volume of 109,127 shares.

Several research firms recently issued reports on GPOR. 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 report on Tuesday, August 6th. BidaskClub downgraded shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 16th. Credit Suisse Group downgraded shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 9th. Finally, Jefferies Financial Group downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $11.00 to $5.00 in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Gulfport Energy presently has a consensus rating of “Hold” and an average price target of $10.18.

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 business’s fifty day simple moving average is $3.86 and its two-hundred day simple moving average is $6.19. The stock has a market capitalization of $550.89 million, a P/E ratio of 1.61, a P/E/G ratio of 0.28 and a beta of 0.81.

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 analysts’ consensus estimates 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 in the prior year, the firm earned $0.33 EPS. The business’s revenue was up 81.6% on a year-over-year basis. On average, equities research analysts anticipate that Gulfport Energy Co. will post 1.09 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Ironwood Investment Management LLC boosted its holdings in Gulfport Energy by 12.7% in the 1st quarter. Ironwood Investment Management LLC now owns 19,032 shares of the oil and gas producer’s stock valued at $153,000 after purchasing an additional 2,151 shares during the period. Versant Capital Management Inc raised its stake in shares of Gulfport Energy by 567.1% in the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 3,448 shares in the last quarter. Swiss National Bank raised its stake in shares of Gulfport Energy by 1.3% in the 2nd quarter. Swiss National Bank now owns 288,058 shares of the oil and gas producer’s stock valued at $1,414,000 after buying an additional 3,800 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in shares of Gulfport Energy in the 1st quarter valued at $35,000. Finally, Aviance Capital Partners LLC raised its stake in shares of Gulfport Energy by 9.2% in the 1st quarter. Aviance Capital Partners LLC now owns 79,125 shares of the oil and gas producer’s stock valued at $635,000 after buying an additional 6,637 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

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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