Shares of Gulfport Energy Co. (NASDAQ:GPOR) gapped down before the market opened on Friday . The stock had previously closed at $10.19, but opened at $10.43. Gulfport Energy shares last traded at $10.19, with a volume of 143556 shares traded.

A number of research firms have commented on GPOR. Seaport Global Securities restated a “neutral” rating on shares of Gulfport Energy in a research report on Friday, September 7th. BidaskClub upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Williams Capital restated a “buy” rating and set a $16.00 price target on shares of Gulfport Energy in a research report on Monday, July 16th. Oppenheimer began coverage on shares of Gulfport Energy in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of Gulfport Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, July 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Gulfport Energy currently has an average rating of “Hold” and a consensus target price of $15.13.

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.80 billion, a P/E ratio of 7.44, a P/E/G ratio of 0.34 and a beta of 0.32.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The business had revenue of $252.74 million for the quarter, compared to the consensus estimate of $329.40 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was down 22.0% on a year-over-year basis. Sell-side analysts expect that Gulfport Energy Co. will post 1.55 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. United Services Automobile Association increased its position in shares of Gulfport Energy by 19.0% in the second quarter. United Services Automobile Association now owns 30,812 shares of the oil and gas producer’s stock worth $387,000 after acquiring an additional 4,923 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Gulfport Energy by 21.4% in the second quarter. BNP Paribas Arbitrage SA now owns 34,191 shares of the oil and gas producer’s stock worth $430,000 after acquiring an additional 6,038 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of Gulfport Energy by 12.5% in the second quarter. Aviance Capital Partners LLC now owns 56,215 shares of the oil and gas producer’s stock worth $706,000 after acquiring an additional 6,237 shares in the last quarter. Shepherd Kaplan Krochuk LLC increased its position in shares of Gulfport Energy by 6.0% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 114,930 shares of the oil and gas producer’s stock worth $1,445,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in shares of Gulfport Energy by 15.6% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 52,000 shares of the oil and gas producer’s stock worth $654,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 97.37% 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 the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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