Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at Capital One Financial increased their Q1 2018 earnings per share (EPS) estimates for Gulfport Energy in a report issued on Tuesday. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.40.
Several other research analysts have also recently weighed in on GPOR. ValuEngine cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. B. Riley began coverage on shares of Gulfport Energy in a research report on Monday. They issued a “neutral” rating and a $11.25 price objective for the company. Zacks Investment Research cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Wells Fargo & Co dropped their price objective on shares of Gulfport Energy from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, January 31st. Finally, KeyCorp set a $15.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.71.
Several hedge funds have recently made changes to their positions in GPOR. State of Alaska Department of Revenue acquired a new position in shares of Gulfport Energy in the 4th quarter valued at $137,000. BKS Advisors LLC acquired a new position in shares of Gulfport Energy in the 3rd quarter valued at $161,000. Oakbrook Investments LLC acquired a new position in shares of Gulfport Energy in the 4th quarter valued at $180,000. Crossmark Global Holdings Inc. acquired a new position in shares of Gulfport Energy in the 3rd quarter valued at $211,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Gulfport Energy by 28,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,400 shares of the oil and gas producer’s stock valued at $212,000 after buying an additional 14,350 shares during the period. 85.18% of the stock is owned by institutional investors.
In other news, Director Paul D. Westerman purchased 10,000 shares of the firm’s stock in a transaction dated 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 acquisition, the director now directly owns 15,488 shares of the company’s stock, valued at $197,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig Groeschel sold 7,059 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 transaction of $85,837.44. Following the completion of the transaction, the director now directly owns 18,389 shares of the company’s stock, valued at approximately $223,610.24. The disclosure for this sale can be found here. Insiders sold a total of 151,253 shares of company stock valued at $1,839,219 in the last three months. 0.21% of the stock is owned by company insiders.
Gulfport Energy declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 29th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas producer to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
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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.
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