BidaskClub Downgrades Gulfport Energy (GPOR) to Buy

BidaskClub downgraded shares of Gulfport Energy (NASDAQ:GPOR) from a strong-buy rating to a buy rating in a research note published on Thursday.

A number of other research firms also recently commented on GPOR. JPMorgan Chase & Co. set a $13.00 price objective on shares of Gulfport Energy and gave the stock a buy rating in a report on Thursday, May 31st. Wolfe Research downgraded shares of Gulfport Energy from a market perform rating to an underperform rating in a report on Wednesday, May 16th. Williams Capital reaffirmed a buy rating and issued a $16.00 price target on shares of Gulfport Energy in a report on Wednesday, May 23rd. Stifel Nicolaus assumed coverage on shares of Gulfport Energy in a report on Wednesday, May 23rd. They issued a buy rating and a $13.40 price target on the stock. Finally, Piper Jaffray Companies set a $16.00 price target on shares of Gulfport Energy and gave the company a buy rating in a report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $15.45.

GPOR stock opened at $12.09 on Thursday. The stock has a market cap of $2.10 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.40 and a beta of 0.37. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $15.08. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.73.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.14. The firm had revenue of $325.40 million for the quarter, compared to the consensus estimate of $354.46 million. Gulfport Energy had a net margin of 28.25% and a return on equity of 10.03%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. equities analysts predict that Gulfport Energy will post 1.52 earnings per share for the current year.

In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, May 29th. The shares were bought at an average price of $10.33 per share, with a total value of $103,300.00. Following the completion of the acquisition, the director now directly owns 35,488 shares of the company’s stock, valued at $366,591.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new position in shares of Gulfport Energy during the second quarter valued at approximately $170,000. Element Capital Management LLC purchased a new position in shares of Gulfport Energy during the first quarter valued at approximately $140,000. KBC Group NV purchased a new position in shares of Gulfport Energy during the first quarter valued at approximately $205,000. Tibra Equities Europe Ltd purchased a new position in shares of Gulfport Energy during the first quarter valued at approximately $243,000. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Gulfport Energy by 56.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 33,716 shares of the oil and gas producer’s stock valued at $325,000 after buying an additional 12,136 shares during the period. 89.55% of the stock is currently owned by institutional investors.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

Further Reading: Momentum Indicator: Relative Strength Index

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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