Gulfport Energy (GPOR) PT Set at $18.00 by Williams Capital
Gulfport Energy (NASDAQ:GPOR) has been given a $18.00 target price by equities researchers at Williams Capital in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Williams Capital’s target price indicates a potential upside of 50.00% from the stock’s previous close.
Several other brokerages also recently commented on GPOR. SunTrust Banks restated a “buy” rating and set a $26.00 price objective 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 research report on Friday, November 24th. Zacks Investment Research downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley boosted their target price on shares of Gulfport Energy from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Finally, Imperial Capital initiated coverage on shares of Gulfport Energy in a research note on Tuesday, September 19th. They set an “outperform” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $20.81.
Gulfport Energy (GPOR) opened at $12.00 on Thursday. Gulfport Energy has a 1 year low of $10.90 and a 1 year high of $22.92. The company has a market cap of $2,207.97, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 0.30 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. equities research analysts anticipate that Gulfport Energy will post 1.36 EPS for the current year.
In related news, CEO Michael G. Moore sold 118,494 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.16, for a total value of $1,440,887.04. Following the sale, the chief executive officer now owns 295,449 shares of the company’s stock, valued at $3,592,659.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Keri Crowell sold 16,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $194,560.00. Following the completion of the sale, the chief financial officer now directly owns 81,092 shares in the company, valued at approximately $986,078.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,253 shares of company stock worth $1,839,219. Insiders own 0.31% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Gulfport Energy by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 712 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Gulfport Energy by 76.9% during the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock valued at $141,000 after acquiring an additional 4,153 shares during the last quarter. BKS Advisors LLC bought a new stake in Gulfport Energy during the third quarter valued at $161,000. Teacher Retirement System of Texas boosted its position in Gulfport Energy by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after acquiring an additional 520 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Gulfport Energy during the third quarter valued at $211,000. 86.71% of the stock is currently owned by institutional investors.
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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