Mizuho Analysts Give Gulfport Energy (GPOR) a $18.00 Price Target
Several other research firms have also weighed in on GPOR. Zacks Investment Research raised shares of Gulfport Energy from a hold rating to a buy rating and set a $16.00 price objective for the company in a report on Wednesday, October 11th. Jefferies Group reaffirmed a buy rating and set a $18.00 price objective on shares of Gulfport Energy in a report on Thursday, October 12th. Scotiabank reaffirmed a buy rating and set a $23.00 price objective on shares of Gulfport Energy in a report on Monday, October 9th. Morgan Stanley raised their price objective on shares of Gulfport Energy from $12.00 to $13.00 and gave the stock an underweight rating in a report on Wednesday, October 18th. Finally, SunTrust Banks reaffirmed a buy rating and set a $25.00 price objective on shares of Gulfport Energy in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $20.62.
Shares of Gulfport Energy (NASDAQ:GPOR) opened at $12.38 on Tuesday. The firm has a market cap of $2,270.00, a P/E ratio of -45.85, a PEG ratio of 0.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. Gulfport Energy has a fifty-two week low of $10.90 and a fifty-two week high of $22.35.
In other news, VP Steve Baldwin sold 4,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.17, for a total transaction of $48,680.00. Following the sale, the vice president now directly owns 32,634 shares of the company’s stock, valued at $397,155.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul D. Westerman purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the director now directly owns 15,488 shares of the company’s stock, valued at $197,472. The disclosure for this purchase can be found here. Insiders have sold 151,253 shares of company stock worth $1,839,219 over the last three months. 0.31% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Gulfport Energy by 122.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock valued at $48,092,000 after acquiring an additional 1,794,132 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Gulfport Energy in the third quarter valued at approximately $292,000. Swiss National Bank boosted its stake in Gulfport Energy by 4.0% in the third quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock valued at $3,947,000 after acquiring an additional 10,700 shares during the last quarter. Prudential Financial Inc. boosted its stake in Gulfport Energy by 9.3% in the third quarter. Prudential Financial Inc. now owns 1,098,476 shares of the oil and gas producer’s stock valued at $15,752,000 after acquiring an additional 93,011 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in Gulfport Energy by 8.1% in the third quarter. Systematic Financial Management LP now owns 543,303 shares of the oil and gas producer’s stock valued at $7,791,000 after acquiring an additional 40,577 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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