Gulfport Energy (NASDAQ:GPOR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
GPOR has been the subject of several other reports. Wells Fargo & Co lowered shares of Gulfport Energy from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Tuesday, October 23rd. Williams Capital set a $16.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Friday, November 2nd. SunTrust Banks set a $15.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Tuesday, November 27th. Seaport Global Securities reiterated a “neutral” rating on shares of Gulfport Energy in a research note on Friday, September 7th. Finally, Piper Jaffray Companies set a $13.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Gulfport Energy has an average rating of “Hold” and a consensus target price of $12.94.
Shares of Gulfport Energy stock opened at $9.18 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $1.56 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 0.37 and a beta of 0.48. Gulfport Energy has a 1 year low of $8.07 and a 1 year high of $13.74.
In other news, Director Paul D. Westerman acquired 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $8.44 per share, for a total transaction of $84,400.00. Following the purchase, the director now owns 56,689 shares in the company, valued at $478,455.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in GPOR. Acadian Asset Management LLC purchased a new stake in shares of Gulfport Energy during the 2nd quarter valued at about $101,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Gulfport Energy by 21.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,191 shares of the oil and gas producer’s stock valued at $430,000 after acquiring an additional 6,038 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Gulfport Energy by 149.7% during the 2nd quarter. Aperio Group LLC now owns 253,650 shares of the oil and gas producer’s stock valued at $3,188,000 after acquiring an additional 152,056 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Gulfport Energy by 3.0% during the 2nd quarter. New York State Teachers Retirement System now owns 306,260 shares of the oil and gas producer’s stock valued at $3,850,000 after acquiring an additional 8,800 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Gulfport Energy by 55.7% during the 2nd quarter. First Trust Advisors LP now owns 1,852,055 shares of the oil and gas producer’s stock valued at $23,280,000 after acquiring an additional 662,195 shares during the last quarter. Institutional investors and hedge funds own 98.45% 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 the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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