Gulfport Energy (NASDAQ:GPOR) Shares Gap Up to $2.43

Gulfport Energy Co. (NASDAQ:GPOR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $2.42, but opened at $2.43. Gulfport Energy shares last traded at $2.51, with a volume of 1,208,948 shares.

Several research analysts have recently commented on the company. Piper Jaffray Companies set a $7.00 target price on Gulfport Energy and gave the stock a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research lowered Gulfport Energy from a “hold” rating to a “sell” rating and set a $3.00 price target on the stock. in a research report on Tuesday. Wells Fargo & Co lifted their price objective on shares of Gulfport Energy from $5.00 to $6.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Williams Capital reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Gulfport Energy in a report on Friday, November 1st. Finally, Imperial Capital lowered their target price on shares of Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.54.

The firm has a market cap of $396.07 million, a P/E ratio of 1.35, a P/E/G ratio of 0.12 and a beta of 0.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a fifty day moving average of $2.88 and a 200-day moving average of $3.69.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $285.18 million during the quarter, compared to the consensus estimate of $335.10 million. Gulfport Energy had a return on equity of 5.88% and a net margin of 25.83%. The firm’s revenue was down 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. Equities research analysts expect that Gulfport Energy Co. will post 0.96 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC bought a new position in shares of Gulfport Energy in the third quarter worth $29,000. Coastal Capital Group Inc. bought a new position in Gulfport Energy in the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. grew its position in Gulfport Energy by 474.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,060 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 10,785 shares in the last quarter. Virginia Retirement Systems ET AL bought a new position in Gulfport Energy in the 3rd quarter valued at about $38,000. Finally, Enterprise Bank & Trust Co acquired a new position in Gulfport Energy during the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 94.66% of the company’s stock.

About Gulfport Energy (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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