Gulfport Energy (GPOR) Stock Rating Reaffirmed by SunTrust Banks
Gulfport Energy (NASDAQ:GPOR)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks in a research report issued to clients and investors on Friday, MarketBeat.com reports. They presently have a $26.00 price objective on the oil and gas producer’s stock. SunTrust Banks’ price objective indicates a potential upside of 110.53% from the stock’s previous close.
A number of other equities research analysts have also commented on the company. Jefferies Group set a $20.00 price target on Gulfport Energy and gave the company a “buy” rating in a research report on Tuesday, August 29th. Williams Capital set a $18.00 price target on Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. Piper Jaffray Companies reduced their price target on Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. KeyCorp set a $18.00 price target on Gulfport Energy and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.30.
Shares of Gulfport Energy (NASDAQ:GPOR) traded up $0.01 on Friday, reaching $12.35. The company’s stock had a trading volume of 3,977,000 shares, compared to its average volume of 3,716,992. Gulfport Energy has a fifty-two week low of $10.90 and a fifty-two week high of $29.92. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2,260.00, a PE ratio of 9.42, a PEG ratio of 0.30 and a beta of 0.69.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The company had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 37.1% on a year-over-year basis. equities analysts forecast that Gulfport Energy will post 1.37 earnings per share for the current fiscal year.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the transaction, the director now directly owns 15,488 shares in the company, valued at $197,472. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Gulfport Energy by 6.3% in the second quarter. Vanguard Group Inc. now owns 13,274,246 shares of the oil and gas producer’s stock worth $195,796,000 after acquiring an additional 786,991 shares in the last quarter. Boston Partners boosted its holdings in Gulfport Energy by 3.8% in the second quarter. Boston Partners now owns 12,524,347 shares of the oil and gas producer’s stock worth $184,734,000 after acquiring an additional 460,406 shares in the last quarter. State Street Corp boosted its holdings in Gulfport Energy by 15.1% in the second quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock worth $109,780,000 after acquiring an additional 979,127 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Gulfport Energy by 22.6% in the third quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock worth $92,740,000 after acquiring an additional 1,193,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Gulfport Energy by 57.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock worth $73,731,000 after acquiring an additional 1,881,196 shares in the last quarter. Institutional investors own 86.93% 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.
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