Gulfport Energy (NASDAQ:GPOR)‘s stock had its “underweight” rating reissued by stock analysts at Morgan Stanley in a report released on Thursday. They currently have a $13.00 target price on the oil and gas producer’s stock. Morgan Stanley’s price target points to a potential upside of 2.28% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. SunTrust Banks reissued a “buy” rating and set a $26.00 target price on shares of Gulfport Energy in a research report on Friday, December 8th. KeyCorp restated a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy in a report on Friday, November 24th. Zacks Investment Research cut Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Williams Capital set a $18.00 price objective on Gulfport Energy and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $21.00 price objective (down previously from $22.00) on shares of Gulfport Energy in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.52.

Gulfport Energy (GPOR) remained flat at $$12.71 during trading hours on Thursday. The company had a trading volume of 3,016,900 shares, compared to its average volume of 3,702,680. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a 1 year low of $10.90 and a 1 year high of $27.97. The firm has a market cap of $2,280.00, a P/E ratio of 9.70, a P/E/G ratio of 0.31 and a beta of 0.69.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $302.33 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s revenue was up 37.1% compared to the same quarter last year. equities analysts forecast that Gulfport Energy will post 1.35 earnings per share for the current fiscal year.

In other news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $12.75 per share, for a total transaction of $127,500.00. Following the acquisition, the director now owns 15,488 shares of the company’s stock, valued at $197,472. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of GPOR. BlackRock Inc. increased its position in Gulfport Energy by 13,258.8% during the 1st quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock valued at $388,348,000 after buying an additional 22,422,387 shares in the last quarter. Boston Partners increased its position in Gulfport Energy by 4,517.3% during the 3rd quarter. Boston Partners now owns 12,808,323 shares of the oil and gas producer’s stock valued at $361,835,000 after buying an additional 12,530,923 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Gulfport Energy during the 2nd quarter valued at about $77,784,000. Snow Capital Management LP acquired a new position in Gulfport Energy during the 1st quarter valued at about $54,535,000. Finally, Marshall Wace LLP acquired a new position in Gulfport Energy during the 4th quarter valued at about $54,341,000. Hedge funds and other institutional investors own 86.93% 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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