Gulfport Energy (NASDAQ:GPOR) was downgraded by analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports.

Other equities research analysts have also issued research reports about the company. TheStreet lowered Whitestone REIT from a “b-” rating to a “c+” rating in a research note on Monday, April 1st. CIBC restated a “buy” rating and set a $57.50 price objective on shares of Agnico Eagle Mines in a research note on Friday, April 5th. BidaskClub lowered Zynerba Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 29th. Finally, Oppenheimer lowered Gulfport Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, April 5th. Three 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 target price of $11.43.

NASDAQ GPOR traded down $0.22 during mid-day trading on Tuesday, reaching $4.30. 254,210 shares of the company’s stock traded hands, compared to its average volume of 3,643,001. Gulfport Energy has a 1-year low of $4.31 and a 1-year high of $12.65. The firm’s fifty day simple moving average is $5.15. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $728.57 million, a P/E ratio of 2.35, a price-to-earnings-growth ratio of 0.28 and a beta of 0.86.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The firm had revenue of $320.58 million during the quarter, compared to analyst estimates of $313.11 million. During the same quarter last year, the firm earned $0.56 EPS. Gulfport Energy’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts expect that Gulfport Energy will post 1.18 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Ironwood Investment Management LLC lifted its holdings in Gulfport Energy by 12.7% during the 1st quarter. Ironwood Investment Management LLC now owns 19,032 shares of the oil and gas producer’s stock worth $153,000 after buying an additional 2,151 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Gulfport Energy by 6.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 57,075 shares of the oil and gas producer’s stock worth $374,000 after purchasing an additional 3,418 shares during the last quarter. Versant Capital Management Inc lifted its holdings 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 worth $32,000 after purchasing an additional 3,448 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Gulfport Energy by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 103,200 shares of the oil and gas producer’s stock worth $676,000 after purchasing an additional 3,972 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of Gulfport Energy by 11.6% in the 4th quarter. United Services Automobile Association now owns 42,046 shares of the oil and gas producer’s stock worth $275,000 after purchasing an additional 4,356 shares during the last quarter. 98.25% of the stock is currently owned by institutional investors.

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 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.

Further Reading: Book Value Per Share – BVPS

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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