Jefferies Group set a $15.00 price objective on Gulfport Energy (NASDAQ:GPOR) in a research note issued to investors on Monday. The firm currently has a buy rating on the oil and gas producer’s stock. Jefferies Group also issued estimates for Gulfport Energy’s Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.25 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.38 EPS and FY2019 earnings at $1.19 EPS.

Several other equities analysts also recently issued reports on the company. Piper Jaffray Companies set a $16.00 price objective on Gulfport Energy and gave the company a buy rating in a research report on Wednesday, March 14th. BidaskClub upgraded Gulfport Energy from a sell rating to a hold rating in a research report on Monday, March 5th. Zacks Investment Research upgraded Gulfport Energy from a sell rating to a hold rating in a research report on Tuesday, February 27th. Williams Capital set a $17.00 price objective on Gulfport Energy and gave the company a buy rating in a research report on Thursday, February 22nd. Finally, B. Riley began coverage on Gulfport Energy in a research report on Monday, February 5th. They issued a neutral rating and a $11.25 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $18.54.

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Gulfport Energy stock opened at $9.82 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1,726.69, a P/E ratio of 4.02, a P/E/G ratio of 0.37 and a beta of 0.42. Gulfport Energy has a 52-week low of $8.11 and a 52-week high of $17.82.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. The firm had revenue of $397.85 million during the quarter, compared to the consensus estimate of $337.95 million. During the same quarter in the previous year, the company posted $0.34 EPS. analysts forecast that Gulfport Energy will post 1.29 earnings per share for the current fiscal year.

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

In other news, Director Paul D. Westerman bought 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director now directly owns 25,488 shares in the company, valued at approximately $258,448.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy during the fourth quarter worth $137,000. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy during the third quarter worth $161,000. Oakbrook Investments LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter worth $180,000. Delpha Capital Management LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter worth $187,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Gulfport Energy during the third quarter worth $211,000. Institutional investors own 88.69% of the company’s stock.

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About Gulfport Energy

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.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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