Gulfport Energy (NASDAQ:GPOR) Price Target Raised to $6.00

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Gulfport Energy (NASDAQ:GPOR) had its price target upped by equities research analysts at Wells Fargo & Co from $5.00 to $6.00 in a note issued to investors on Friday, September 20th, BenzingaRatingsTable reports. The brokerage currently has a “market perform” rating on the oil and gas producer’s stock. Wells Fargo & Co‘s price objective would indicate a potential upside of 115.05% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group cut shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 9th. Piper Jaffray Companies set a $7.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.25 price objective for the company in a report on Monday, September 9th. Jefferies Financial Group lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $5.00 in a report on Monday, July 15th. Finally, Williams Capital lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $9.22.

Shares of Gulfport Energy stock traded up $0.20 during trading hours on Friday, hitting $2.79. 3,826,746 shares of the company’s stock traded hands, compared to its average volume of 5,416,284. The company has a market cap of $405.83 million, a PE ratio of 1.52, a PEG ratio of 0.11 and a beta of 0.89. Gulfport Energy has a twelve month low of $2.28 and a twelve month high of $11.27. The stock has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $4.82. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Gulfport Energy had a return on equity of 7.34% and a net margin of 33.82%. The business had revenue of $459.00 million during the quarter, compared to the consensus estimate of $312.43 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 81.6% compared to the same quarter last year. As a group, equities research analysts predict that Gulfport Energy will post 1.12 EPS for the current year.

In related news, CEO David M. Wood bought 40,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $2.44 per share, with a total value of $97,600.00. Following the completion of the purchase, the chief executive officer now directly owns 1,005,449 shares of the company’s stock, valued at approximately $2,453,295.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Quentin R. Hicks bought 15,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average cost of $2.38 per share, for a total transaction of $35,700.00. Following the completion of the purchase, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $35,700. The disclosure for this purchase can be found here. 0.45% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Coastal Capital Group Inc. bought a new stake in shares of Gulfport Energy during the 2nd quarter valued at $34,000. Enterprise Bank & Trust Co purchased a new stake in shares of Gulfport Energy during the 3rd quarter valued at about $41,000. Magnus Financial Group LLC purchased a new stake in shares of Gulfport Energy during the 2nd quarter valued at about $57,000. Cerebellum GP LLC bought a new position in Gulfport Energy in the 3rd quarter worth approximately $79,000. Finally, Cetera Advisor Networks LLC purchased a new stake in Gulfport Energy during the 1st quarter valued at $84,000. Institutional investors and hedge funds own 97.42% of the company’s stock.

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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