Gulfport Energy (GPOR) Price Target Lowered to $10.00 at Morgan Stanley

Gulfport Energy (NASDAQ:GPOR) had its target price lowered by Morgan Stanley from $11.00 to $10.00 in a research note issued on Wednesday. The firm currently has an “underweight” rating on the oil and gas producer’s stock. Morgan Stanley’s price objective would indicate a potential downside of 20.19% from the stock’s current price.

A number of other research firms also recently issued reports on GPOR. Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy in a research note on Thursday, October 12th. Mizuho reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research note on Wednesday, October 4th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research note on Monday, October 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Gulfport Energy in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.48.

Shares of Gulfport Energy (NASDAQ GPOR) traded up $0.01 on Wednesday, reaching $12.53. The company had a trading volume of 2,840,408 shares, compared to its average volume of 3,430,000. The company has a market cap of $2,300.00, a P/E ratio of -46.41, a PEG ratio of 0.27 and a beta of 0.69. Gulfport Energy has a 52 week low of $10.90 and a 52 week high of $22.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.

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 research analysts predict that Gulfport Energy will post 1.35 EPS for the current year.

In related news, 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 transaction, the chief financial officer now owns 81,092 shares in the company, valued at approximately $986,078.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Steve Baldwin sold 4,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.17, for a total value of $48,680.00. Following the transaction, the vice president now owns 32,634 shares of the company’s stock, valued at approximately $397,155.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,253 shares of company stock valued at $1,839,219. 0.31% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Janus Henderson Group PLC purchased a new position in Gulfport Energy during the 2nd quarter valued at $77,784,000. Victory Capital Management Inc. boosted its holdings in Gulfport Energy by 246.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,015,217 shares of the oil and gas producer’s stock valued at $43,239,000 after acquiring an additional 2,145,082 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Gulfport Energy by 57.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after acquiring an additional 1,881,196 shares during the period. Kingdon Capital Management L.L.C. purchased a new position in Gulfport Energy during the 2nd quarter valued at $15,934,000. Finally, State Street Corp boosted its holdings in Gulfport Energy by 15.1% during the 2nd quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock valued at $109,780,000 after acquiring an additional 979,127 shares during the period. Institutional investors own 86.76% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Gulfport Energy (GPOR) Price Target Lowered to $10.00 at Morgan Stanley” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/28/gulfport-energy-gpor-price-target-lowered-to-10-00-at-morgan-stanley.html.

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.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply