Gulfport Energy (OTCMKTS:GPORQ) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Gulfport Energy (OTCMKTS:GPORQ) from a hold rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Gulfport Energy Corporation is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties in North America and is one of the largest producers of natural gas in the contiguous United States. Headquartered in Oklahoma City, Gulfport holds significant acreage positions in the Utica Shale of Eastern Ohio and the SCOOP Woodford and SCOOP Springer plays in Oklahoma. In addition, Gulfport holds an acreage position along the Louisiana Gulf Coast, a position in the Alberta Oil Sands in Canada. “

GPORQ stock opened at $0.05 on Tuesday. The company has a market cap of $7.31 million, a price-to-earnings ratio of 0.00 and a beta of 5.58. The firm’s fifty day simple moving average is $0.05. Gulfport Energy has a 52 week low of $0.04 and a 52 week high of $2.52. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.67 and a current ratio of 0.67.

Gulfport Energy (OTCMKTS:GPORQ) last released its quarterly earnings data on Friday, March 5th. The company reported ($0.93) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.87). Gulfport Energy had a negative return on equity of 56.71% and a negative net margin of 410.97%. The company had revenue of $244.73 million during the quarter, compared to analysts’ expectations of $237.16 million. As a group, equities analysts predict that Gulfport Energy will post -0.1 earnings per share for the current fiscal year.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, and production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area of approximately 205,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area of approximately 76,000 net reservoir acres primarily located in Oklahoma.

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