Gulfport Energy (GPOR) PT Set at $18.00 by Williams Capital

Gulfport Energy (NASDAQ:GPOR) received a $18.00 target price from investment analysts at Williams Capital in a research note issued on Thursday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Williams Capital’s price target would indicate a potential upside of 43.66% from the stock’s current price.

A number of other research firms have also issued reports on GPOR. SunTrust Banks reiterated a “buy” rating and set a $26.00 price objective on shares of Gulfport Energy in a research note on Friday, December 8th. KeyCorp reiterated a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy in a research note on Friday, November 24th. Zacks Investment Research lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Morgan Stanley lifted their price objective on shares of Gulfport Energy from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. Finally, Imperial Capital started coverage on shares of Gulfport Energy in a research note on Tuesday, September 19th. They set an “outperform” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Gulfport Energy presently has an average rating of “Buy” and an average target price of $20.81.

Gulfport Energy (GPOR) opened at $12.53 on Thursday. The firm has a market cap of $2,196.98, a P/E ratio of -46.41, a price-to-earnings-growth ratio of 0.29 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. Gulfport Energy has a 12-month low of $10.90 and a 12-month high of $22.63.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The company’s quarterly revenue was up 37.1% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. equities research analysts predict that Gulfport Energy will post 1.36 EPS for the current year.

In other Gulfport Energy news, 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 transaction of $48,680.00. Following the completion of the sale, the vice president now owns 32,634 shares in the company, valued at $397,155.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 sale, the director now owns 18,389 shares of the company’s stock, valued at approximately $223,610.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,253 shares of company stock valued at $1,839,219. Insiders own 0.31% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GPOR. Great West Life Assurance Co. Can increased its stake in Gulfport Energy by 3.4% during the second quarter. Great West Life Assurance Co. Can now owns 93,265 shares of the oil and gas producer’s stock valued at $1,374,000 after purchasing an additional 3,094 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Gulfport Energy by 2.7% during the second quarter. Sei Investments Co. now owns 46,768 shares of the oil and gas producer’s stock valued at $690,000 after acquiring an additional 1,217 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Gulfport Energy during the second quarter valued at $590,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Gulfport Energy by 13.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 645,023 shares of the oil and gas producer’s stock valued at $9,515,000 after acquiring an additional 78,396 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Gulfport Energy by 1.5% during the second quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock valued at $990,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 86.71% 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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