Gulfport Energy (GPOR) Scheduled to Post Quarterly Earnings on Wednesday

Gulfport Energy (NASDAQ:GPOR) is set to issue its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

Gulfport Energy (NASDAQ GPOR) opened at $8.75 on Monday. The stock has a market capitalization of $1,601.97, a P/E ratio of -32.41, a PEG ratio of 0.22 and a beta of 0.41. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a twelve month low of $8.11 and a twelve month high of $19.84.

Gulfport Energy declared that its board has initiated a stock repurchase plan on Monday, January 29th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, CEO Michael G. Moore sold 118,494 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $1,440,887.04. Following the completion of the transaction, the chief executive officer now directly owns 295,449 shares of the company’s stock, valued at $3,592,659.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steve Baldwin sold 4,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.17, for a total value of $48,680.00. Following the completion of the transaction, the vice president now directly owns 32,634 shares of the company’s stock, valued at $397,155.78. The disclosure for this sale can be found here. Insiders sold 151,253 shares of company stock valued at $1,839,219 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

GPOR has been the subject of several recent analyst reports. Williams Capital set a $18.00 target price on Gulfport Energy and gave the company a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research lowered Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. SunTrust Banks reaffirmed a “buy” rating and issued a $25.00 target price on shares of Gulfport Energy in a report on Tuesday, October 24th. Barclays lowered Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Monday, November 20th. Finally, KeyCorp reissued a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy in a report on Friday, November 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. Gulfport Energy currently has an average rating of “Buy” and a consensus target price of $19.10.

ILLEGAL ACTIVITY WARNING: “Gulfport Energy (GPOR) Scheduled to Post Quarterly Earnings on Wednesday” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2018/02/19/gulfport-energy-gpor-scheduled-to-post-quarterly-earnings-on-wednesday.html.

Gulfport Energy Company Profile

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.

Earnings History for Gulfport Energy (NASDAQ:GPOR)

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Gulfport Energy (GPOR) Scheduled to Post Quarterly Earnings on Wednesday

Gulfport Energy (NASDAQ:GPOR) will be announcing its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

Shares of Gulfport Energy (NASDAQ:GPOR) opened at $8.75 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. Gulfport Energy has a 12-month low of $8.11 and a 12-month high of $19.84. The stock has a market capitalization of $1,601.97, a price-to-earnings ratio of -32.41, a P/E/G ratio of 0.22 and a beta of 0.41.

Gulfport Energy announced that its Board of Directors has initiated a share buyback program on Monday, January 29th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

In other news, VP Steve Baldwin sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $12.17, for a total transaction of $48,680.00. Following the transaction, the vice president now directly owns 32,634 shares of the company’s stock, valued at $397,155.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael G. Moore sold 118,494 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.16, for a total value of $1,440,887.04. Following the transaction, the chief executive officer now directly owns 295,449 shares in the company, valued at $3,592,659.84. The disclosure for this sale can be found here. Insiders have sold 151,253 shares of company stock worth $1,839,219 over the last ninety days. Insiders own 0.21% of the company’s stock.

A number of equities research analysts recently issued reports on GPOR shares. Zacks Investment Research downgraded Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Piper Jaffray Companies reiterated a “buy” rating and issued a $20.00 price objective on shares of Gulfport Energy in a research report on Tuesday, January 9th. ValuEngine downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. upgraded Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research report on Friday, December 15th. Finally, Wells Fargo & Co lowered their price target on Gulfport Energy from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. Gulfport Energy currently has a consensus rating of “Buy” and a consensus target price of $19.10.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/02/19/gulfport-energy-gpor-scheduled-to-post-quarterly-earnings-on-wednesday.html.

Gulfport Energy Company Profile

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.

Earnings History for Gulfport Energy (NASDAQ:GPOR)

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