Gulfport Energy (NASDAQ:GPOR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Several other research firms also recently issued reports on GPOR. KeyCorp cut their price target on Gulfport Energy from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Mizuho set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research note on Tuesday, January 16th. SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price target on shares of Gulfport Energy in a research note on Friday, December 8th. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Jefferies Group set a $17.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. Gulfport Energy has a consensus rating of “Buy” and an average target price of $18.54.
Gulfport Energy stock opened at $9.82 on Thursday. The stock has a market capitalization of $1,726.69, a price-to-earnings ratio of 4.02, a PEG ratio of 0.37 and a beta of 0.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62. Gulfport Energy has a one year low of $8.11 and a one year high of $17.82.
Gulfport Energy announced that its board has approved 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the stock in a transaction on 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 acquisition, the director now directly owns 25,488 shares of the company’s stock, valued at $258,448.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Nationwide Fund Advisors grew its holdings in Gulfport Energy by 3.1% in the 3rd quarter. Nationwide Fund Advisors now owns 286,098 shares of the oil and gas producer’s stock valued at $4,103,000 after buying an additional 8,612 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Gulfport Energy in the 3rd quarter valued at about $211,000. Principal Financial Group Inc. grew its holdings in Gulfport Energy by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 704,594 shares of the oil and gas producer’s stock valued at $10,104,000 after buying an additional 54,375 shares during the period. Swiss National Bank grew its holdings in Gulfport Energy by 4.0% in the 3rd quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock valued at $3,947,000 after buying an additional 10,700 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Gulfport Energy by 12.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 98,633 shares of the oil and gas producer’s stock valued at $1,414,000 after buying an additional 10,726 shares during the period. Institutional investors own 88.69% of the company’s stock.
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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.
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