Barclays Reiterates Hold Rating for Gulfport Energy (NASDAQ:GPOR)

Barclays reissued their hold rating on shares of Gulfport Energy (NASDAQ:GPOR) in a research note published on Sunday, December 24th. They currently have a $15.00 target price on the oil and gas producer’s stock.

GPOR has been the subject of a number of other research reports. Morgan Stanley upped their price target 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. Jefferies Group set a $20.00 price target on shares of Gulfport Energy and gave the stock a buy rating in a report on Tuesday, August 29th. Mizuho reaffirmed a buy rating and set a $23.00 price target on shares of Gulfport Energy in a report on Wednesday, October 4th. Scotiabank reaffirmed a buy rating and set a $23.00 price target on shares of Gulfport Energy in a report on Monday, October 9th. Finally, JPMorgan Chase & Co. raised shares of Gulfport Energy from a neutral rating to an overweight rating and set a $18.00 price target for the company in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Gulfport Energy currently has an average rating of Buy and an average price target of $20.86.

Shares of Gulfport Energy (NASDAQ GPOR) opened at $13.02 on Friday. Gulfport Energy has a twelve month low of $10.90 and a twelve month high of $22.35. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2,380.00, a PE ratio of -48.22, a price-to-earnings-growth ratio of 0.27 and a beta of 0.69.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The firm had revenue of $265.50 million for the quarter, compared to the consensus estimate of $302.33 million. During the same period last year, the company posted $0.16 EPS. The business’s revenue was up 37.1% on a year-over-year basis. equities research analysts expect that Gulfport Energy will post 1.36 earnings per share for the current fiscal year.

In other Gulfport Energy news, SVP Robert Alan Jones sold 5,700 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.15, for a total value of $69,255.00. Following the completion of the transaction, the senior vice president now directly owns 44,827 shares in the company, valued at approximately $544,648.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael G. Moore sold 118,494 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the completion of the transaction, the chief executive officer now owns 295,449 shares of the company’s stock, valued at $3,592,659.84. The disclosure for this sale can be found here. In the last three months, insiders sold 151,253 shares of company stock valued at $1,839,219. 0.21% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System increased its position in Gulfport Energy by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock valued at $990,000 after acquiring an additional 1,000 shares during the period. Tocqueville Asset Management L.P. increased its position in Gulfport Energy by 65.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock valued at $380,000 after acquiring an additional 10,200 shares during the period. Dimensional Fund Advisors LP increased its position in Gulfport Energy by 122.4% in the 2nd 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 period. Boothbay Fund Management LLC acquired a new position in Gulfport Energy in the 3rd quarter valued at approximately $292,000. Finally, Swiss National Bank increased its position in shares of Gulfport Energy by 4.0% during the third quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock worth $3,947,000 after buying an additional 10,700 shares during the period. Hedge funds and other institutional investors own 86.71% 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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