Gulfport Energy (NASDAQ:GPOR) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other research firms have also recently commented on GPOR. Morgan Stanley reduced their target price on shares of Gulfport Energy from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 24th. Zacks Investment Research cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. KeyCorp reduced their target price on shares of Gulfport Energy from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Williams Capital set a $17.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Credit Suisse Group reduced their target price on shares of Gulfport Energy from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. Gulfport Energy has an average rating of “Buy” and an average price target of $17.53.

NASDAQ GPOR opened at $10.92 on Thursday. Gulfport Energy has a 52 week low of $10.57 and a 52 week high of $11.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $1.83 billion, a PE ratio of 7.74, a PEG ratio of 0.40 and a beta of 0.30.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.14. Gulfport Energy had a net margin of 28.25% and a return on equity of 10.03%. The business had revenue of $325.40 million for the quarter, compared to analysts’ expectations of $354.46 million. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. equities research analysts anticipate that Gulfport Energy will post 1.33 earnings per share for the current year.

Gulfport Energy announced that its board has authorized a stock repurchase plan on Monday, January 29th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas producer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director now directly owns 25,488 shares in the company, valued at $258,448.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Brinker Capital Inc. increased its stake in Gulfport Energy by 16.2% during the first quarter. Brinker Capital Inc. now owns 40,380 shares of the oil and gas producer’s stock valued at $390,000 after purchasing an additional 5,636 shares during the last quarter. Icon Advisers Inc. Co. increased its stake in Gulfport Energy by 0.7% during the fourth quarter. Icon Advisers Inc. Co. now owns 984,474 shares of the oil and gas producer’s stock valued at $12,562,000 after purchasing an additional 6,400 shares during the last quarter. Van ECK Associates Corp increased its stake in Gulfport Energy by 21.3% during the first quarter. Van ECK Associates Corp now owns 38,845 shares of the oil and gas producer’s stock valued at $375,000 after purchasing an additional 6,816 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Gulfport Energy by 4.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 149,397 shares of the oil and gas producer’s stock valued at $1,906,000 after purchasing an additional 6,989 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Gulfport Energy by 23.9% during the first quarter. Alps Advisors Inc. now owns 44,557 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 8,587 shares during the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.

About Gulfport Energy

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.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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