Gulfport Energy (GPOR) Coverage Initiated by Analysts at Credit Suisse Group

Credit Suisse Group initiated coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a report published on Monday, Marketbeat reports. The firm issued a neutral rating and a $15.00 price target on the oil and gas producer’s stock.

Several other brokerages also recently weighed in on GPOR. Zacks Investment Research upgraded shares of Gulfport Energy from a hold rating to a buy rating and set a $16.00 price objective for the company in a research report on Wednesday, October 11th. Jefferies Group restated a buy rating and set a $18.00 price objective on shares of Gulfport Energy in a research report on Thursday, October 12th. Mizuho restated a buy rating and set a $23.00 price objective on shares of Gulfport Energy in a research report on Wednesday, October 4th. Scotiabank restated a buy rating and set a $23.00 price objective on shares of Gulfport Energy in a research report on Monday, October 9th. Finally, Morgan Stanley boosted their price objective on shares of Gulfport Energy from $12.00 to $13.00 and gave the stock an underweight rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $21.52.

Gulfport Energy (NASDAQ:GPOR) opened at $12.19 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a twelve month low of $10.90 and a twelve month high of $24.76. The company has a market cap of $2,280.00, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.31 and a beta of 0.69.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results 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 return on equity of 7.99% and a net margin of 3.88%. The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. During the same quarter last year, the firm earned $0.16 EPS. The company’s revenue was up 37.1% on a year-over-year basis. equities analysts forecast that Gulfport Energy will post 1.35 earnings per share for the current fiscal year.

In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of Gulfport Energy stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the transaction, the director now directly owns 15,488 shares in the company, valued at $197,472. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in GPOR. Janus Henderson Group PLC purchased a new stake in Gulfport Energy in the 2nd quarter valued at $77,784,000. Victory Capital Management Inc. raised its position in Gulfport Energy by 246.5% in 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 purchasing an additional 2,145,082 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Gulfport Energy by 57.7% in 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 purchasing an additional 1,881,196 shares during the last quarter. Kingdon Capital Management L.L.C. purchased a new stake in Gulfport Energy in the 2nd quarter valued at $15,934,000. Finally, State Street Corp increased its stake in Gulfport Energy by 15.1% in 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 buying an additional 979,127 shares during the period. Hedge funds and other institutional investors own 86.93% of the company’s stock.

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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)

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