Gulfport Energy (GPOR) to Release Earnings on Wednesday

Gulfport Energy (NASDAQ:GPOR) will be posting its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Gulfport Energy to post earnings of $0.39 per share for the quarter.

Shares of Gulfport Energy (GPOR) opened at $8.29 on Wednesday. Gulfport Energy has a one year low of $8.27 and a one year high of $21.36. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1,520.00, a price-to-earnings ratio of -30.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.41.

Gulfport Energy announced that its Board of Directors has initiated a stock repurchase program on Monday, January 29th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the oil and gas producer to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several research firms have recently commented on GPOR. Williams Capital set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Monday, October 23rd. Credit Suisse Group began coverage on Gulfport Energy in a report on Monday, December 11th. They set a “neutral” rating and a $15.00 price target on the stock. BidaskClub lowered Gulfport Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. KeyCorp set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Mizuho set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. Gulfport Energy currently has a consensus rating of “Buy” and an average target price of $19.10.

In other Gulfport Energy news, Director Craig Groeschel sold 7,059 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $85,837.44. Following the sale, the director now directly owns 18,389 shares in the company, valued at $223,610.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steve Baldwin sold 4,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $12.17, for a total transaction of $48,680.00. Following the sale, the vice president now owns 32,634 shares in the company, valued at $397,155.78. The disclosure for this sale can be found here. Insiders have sold 151,253 shares of company stock worth $1,839,219 over the last quarter. Insiders own 0.21% of the company’s stock.

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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.

Earnings History for Gulfport Energy (NASDAQ:GPOR)

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