Short Interest in Gulfport Energy Declines By 7.5% (GPOR)
Gulfport Energy (NASDAQ:GPOR) saw a significant decrease in short interest in June. As of June 13th, there was short interest totalling 7,227,728 shares, a decrease of 7.5% from the May 30th total of 7,813,259 shares, Stock Ratings Network.com reports. Based on an average daily volume of 990,438 shares, the days-to-cover ratio is presently 7.3 days. Currently, 8.5% of the shares of the company are sold short.
In other Gulfport Energy news, VP Stuart Maier unloaded 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GPOR shares. Analysts at GMP Securities initiated coverage on shares of Gulfport Energy in a research note on Tuesday, June 24th. They set a “buy” rating and a $81.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Gulfport Energy from $83.00 to $85.00 in a research note on Friday, June 20th. They now have a “buy” rating on the stock. Finally, analysts at Stephens downgraded shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 16th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $77.33.
Gulfport Energy (NASDAQ:GPOR) opened at 64.02 on Wednesday. Gulfport Energy has a one year low of $46.85 and a one year high of $75.75. The stock’s 50-day moving average is $63.27 and its 200-day moving average is $63.91. The company has a market cap of $5.469 billion and a P/E ratio of 26.62.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company had revenue of $118.00 million for the quarter, compared to the consensus estimate of $123.63 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 114.5% on a year-over-year basis. Analysts expect that Gulfport Energy will post $0.82 EPS for the current fiscal year.
Gulfport Energy Corporation (NASDAQ:GPOR) is an independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast in the West Cote Blanche Bay, or WCBB, and Hackberry fields, and in West Texas in the Permian Basin.
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