Gulfport Energy Corporation (NASDAQ:GPOR)’s share price fell 2.5% during trading on Tuesday . The company traded as low as $12.64 and last traded at $13.78. 4,213,400 shares were traded during mid-day trading, an increase of 12% from the average session volume of 3,757,393 shares. The stock had previously closed at $14.14.

A number of research firms recently commented on GPOR. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $25.00 price target on shares of Gulfport Energy Corporation in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Williams Capital set a $18.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Monday, October 23rd. KeyCorp set a $18.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Morgan Stanley lifted their price target on Gulfport Energy Corporation from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.83.

The stock has a market capitalization of $2,520.00, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.34 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. The business had revenue of $265.50 million for the quarter, compared to the consensus estimate of $302.33 million. During the same period last year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 37.1% on a year-over-year basis. sell-side analysts expect that Gulfport Energy Corporation will post 1.37 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Utah Retirement Systems increased its stake in shares of Gulfport Energy Corporation by 0.3% during the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock valued at $429,000 after acquiring an additional 100 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Gulfport Energy Corporation by 4.2% during 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 acquiring an additional 520 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Gulfport Energy Corporation by 11.8% during 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 increased its stake in shares of Gulfport Energy Corporation by 0.3% during 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, OppenheimerFunds Inc. increased its stake in shares of Gulfport Energy Corporation by 3.6% during the first quarter. OppenheimerFunds Inc. now owns 22,074 shares of the oil and gas producer’s stock valued at $379,000 after acquiring an additional 763 shares during the period. Institutional investors and hedge funds own 84.80% of the company’s stock.

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Gulfport Energy Corporation Company Profile

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.

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