Mizuho Analysts Give Gulfport Energy (GPOR) a $18.00 Price Target

Gulfport Energy (NASDAQ:GPOR) received a $18.00 price target from investment analysts at Mizuho in a report released on Tuesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Mizuho’s price target points to a potential upside of 37.72% from the company’s current price.

Other analysts have also recently issued research reports about the company. Williams Capital set a $18.00 target price on Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. Credit Suisse Group assumed coverage on Gulfport Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $15.00 target price on the stock. KeyCorp set a $18.00 target price on Gulfport Energy and gave the company a “buy” rating in a research report on Thursday, October 19th. Imperial Capital assumed coverage on Gulfport Energy in a research report on Tuesday, September 19th. They set an “outperform” rating and a $19.00 target price on the stock. Finally, Piper Jaffray Companies dropped their target price on Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. Gulfport Energy currently has an average rating of “Buy” and a consensus price target of $20.62.

Gulfport Energy (NASDAQ:GPOR) opened at $13.07 on Tuesday. The company has a market capitalization of $2,390.00, a price-to-earnings ratio of -48.41, a price-to-earnings-growth ratio of 0.28 and a beta of 0.69. Gulfport Energy has a fifty-two week low of $10.90 and a fifty-two week high of $22.35. 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 (NASDAQ:GPOR) last released its quarterly earnings data 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). The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. equities analysts predict that Gulfport Energy will post 1.36 earnings per share for the current fiscal year.

In other news, CFO Keri Crowell sold 16,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $194,560.00. Following the completion of the sale, the chief financial officer now owns 81,092 shares of the company’s stock, valued at approximately $986,078.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael G. Moore sold 118,494 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $1,440,887.04. Following the completion of the sale, the chief executive officer now directly owns 295,449 shares of the company’s stock, valued at approximately $3,592,659.84. 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. Insiders own 0.21% of the company’s stock.

Several institutional investors have recently bought and sold shares of GPOR. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gulfport Energy by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 712 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Gulfport Energy by 76.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 4,153 shares in the last quarter. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy in the 3rd quarter worth $161,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Gulfport Energy in the 3rd quarter worth $211,000. Finally, Cubist Systematic Strategies LLC boosted its position 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 worth $212,000 after purchasing an additional 14,350 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

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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.

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