Analysts at Credit Suisse Group initiated coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a research note issued to investors on Monday, December 11th, MarketBeat reports. The firm set a “neutral” rating and a $15.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target would suggest a potential upside of 19.71% from the stock’s previous close.
A number of other brokerages have also recently commented on GPOR. Morgan Stanley increased their target price on Gulfport Energy from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. Jefferies Group set a $20.00 price target on Gulfport Energy and gave the company a “buy” rating in a report on Tuesday, August 29th. Mizuho reaffirmed a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy in a report on Wednesday, October 4th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy in a report on Monday, October 9th. Finally, Zacks Investment Research cut Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $20.76.
Shares of Gulfport Energy (GPOR) traded down $0.01 on Monday, hitting $12.53. The stock had a trading volume of 2,788,157 shares, compared to its average volume of 3,470,000. The stock has a market capitalization of $2,290.00, a P/E ratio of -46.41, a price-to-earnings-growth ratio of 0.31 and a beta of 0.69. The company has a quick ratio of 0.57, a current 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 $22.63.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $12.75 per share, with a total value of $127,500.00. Following the completion of the purchase, the director now directly owns 15,488 shares in the company, valued at $197,472. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael G. Moore sold 118,494 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was 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 directly owns 295,449 shares of the company’s stock, valued at approximately $3,592,659.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,253 shares of company stock valued at $1,839,219. 0.31% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Utah Retirement Systems boosted its holdings in Gulfport Energy by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock valued at $429,000 after purchasing an additional 100 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of 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 worth $190,000 after purchasing an additional 520 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 worth $100,000 after purchasing an additional 712 shares during the last quarter. Comerica Bank lifted its position in shares of Gulfport Energy by 0.3% during the second quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock worth $2,698,000 after purchasing an additional 720 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Gulfport Energy by 3.7% during the second quarter. PNC Financial Services Group Inc. now owns 21,982 shares of the oil and gas producer’s stock worth $323,000 after purchasing an additional 786 shares during the last quarter. 86.71% of the stock is 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.
