Gulfport Energy (GPOR) Lifted to “Overweight” at J P Morgan Chase & Co
Gulfport Energy (NASDAQ:GPOR) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Friday, Marketbeat reports. The brokerage currently has a $18.00 target price on the oil and gas producer’s stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 49.63% from the stock’s current price.
Several other research analysts have also recently issued reports on GPOR. Piper Jaffray Companies reissued an “overweight” rating and set a $21.00 target price (down previously from $22.00) on shares of Gulfport Energy in a report on Tuesday, August 22nd. Jefferies Group set a $20.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, August 29th. Imperial Capital assumed coverage on shares of Gulfport Energy in a report on Tuesday, September 19th. They issued an “outperform” rating and a $19.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy in a report on Tuesday, September 19th. Finally, Mizuho reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Gulfport Energy has a consensus rating of “Buy” and a consensus target price of $21.57.
Shares of Gulfport Energy (GPOR) traded down $0.16 during trading on Friday, hitting $12.03. 5,869,414 shares of the company traded hands, compared to its average volume of 3,710,138. 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 12-month low of $10.90 and a 12-month high of $23.11. The stock has a market capitalization of $2,326.97, a PE ratio of 9.70, a PEG ratio of 0.31 and a beta of 0.69.
Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. During the same period last year, the business earned $0.16 EPS. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. analysts predict that Gulfport Energy will post 1.35 earnings per share for the current fiscal year.
In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the director now owns 15,488 shares of the company’s stock, valued at approximately $197,472. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in Gulfport Energy in the 3rd quarter valued at about $223,000. GeoSphere Capital Management acquired a new position in Gulfport Energy in the 3rd quarter valued at about $1,434,000. California Public Employees Retirement System boosted its holdings in Gulfport Energy by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock valued at $10,485,000 after purchasing an additional 13,888 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Gulfport Energy by 384.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 69,789 shares of the oil and gas producer’s stock valued at $1,001,000 after purchasing an additional 55,389 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Gulfport Energy by 22.6% in the 3rd quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock valued at $92,740,000 after purchasing an additional 1,193,723 shares during the last quarter. Institutional investors own 86.93% 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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