Gulfport Energy Corporation (NASDAQ:GPOR) was downgraded by equities research analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, October 4th. Mizuho reiterated a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research report on Wednesday, October 4th. KeyCorp reiterated a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy Corporation in a research report on Tuesday, September 19th. Williams Capital set a $21.00 price objective on Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus cut their price objective on Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.83.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at $13.29 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $2,433.16, a price-to-earnings ratio of 10.15, a P/E/G ratio of 0.32 and a beta of 0.69. Gulfport Energy Corporation has a one year low of $10.90 and a one year high of $29.92.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The company had revenue of $265.50 million during the quarter, compared to analyst estimates of $302.33 million. Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. Gulfport Energy Corporation’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. equities analysts forecast that Gulfport Energy Corporation will post 1.37 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems increased its holdings in Gulfport Energy Corporation by 0.3% in the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock valued at $429,000 after purchasing an additional 100 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Gulfport Energy Corporation by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after purchasing an additional 520 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 712 shares during the period. Comerica Bank grew its stake in Gulfport Energy Corporation by 0.3% in the second quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock valued at $2,698,000 after acquiring an additional 720 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Gulfport Energy Corporation by 3.7% in the second quarter. PNC Financial Services Group Inc. now owns 21,982 shares of the oil and gas producer’s stock valued at $323,000 after acquiring an additional 786 shares during the period. Institutional investors and hedge funds own 85.74% of the company’s stock.

About Gulfport Energy Corporation

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

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