Gulfport Energy Co. (NASDAQ:GPOR) Receives $11.34 Consensus Target Price from Brokerages

Gulfport Energy Co. (NASDAQ:GPOR) has been assigned an average rating of “Hold” from the twenty research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.44.

Several analysts recently weighed in on GPOR shares. Credit Suisse Group raised Laredo Petroleum from an “underperform” rating to a “neutral” rating and set a $2.83 price objective for the company in a report on Tuesday, July 9th. They noted that the move was a valuation call. Jefferies Financial Group lowered their price objective on TherapeuticsMD from $4.00 to $3.00 in a report on Monday. Oppenheimer lowered Gulfport Energy from an “outperform” rating to a “market perform” rating in a report on Friday, April 5th. TheStreet lowered Whitestone REIT from a “b-” rating to a “c+” rating in a report on Monday, April 1st. Finally, CIBC reissued a “buy” rating and issued a $57.50 price objective on shares of Agnico Eagle Mines in a report on Friday, April 5th.

A number of hedge funds have recently modified their holdings of GPOR. BlackRock Inc. boosted its stake in Gulfport Energy by 28.8% in the fourth quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock valued at $160,873,000 after acquiring an additional 5,492,062 shares during the period. Norges Bank acquired a new position in Gulfport Energy in the fourth quarter valued at approximately $17,417,000. FMR LLC boosted its stake in Gulfport Energy by 4,927,254.2% in the first quarter. FMR LLC now owns 1,182,565 shares of the oil and gas producer’s stock valued at $9,484,000 after acquiring an additional 1,182,541 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Gulfport Energy in the first quarter valued at approximately $8,278,000. Finally, Portolan Capital Management LLC acquired a new position in Gulfport Energy in the fourth quarter valued at approximately $5,379,000. Institutional investors own 97.62% of the company’s stock.

Shares of NASDAQ GPOR traded down $0.22 during midday trading on Tuesday, reaching $3.96. 4,611,421 shares of the company’s stock were exchanged, compared to its average volume of 3,695,975. Gulfport Energy has a 52-week low of $3.87 and a 52-week high of $12.15. The company has a market capitalization of $645.43 million, a PE ratio of 2.16, a PEG ratio of 0.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s fifty day moving average price is $4.91.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The business had revenue of $320.58 million for the quarter, compared to analyst estimates of $313.11 million. During the same period in the previous year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts expect that Gulfport Energy will post 1.17 EPS for the current year.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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