Gulfport Energy (NASDAQ:GPOR) Cut to “Strong Sell” at BidaskClub

BidaskClub downgraded shares of Gulfport Energy (NASDAQ:GPOR) from a sell rating to a strong sell rating in a report published on Tuesday, BidAskClub reports.

GPOR has been the topic of a number of other research reports. Jefferies Financial Group set a $189.00 price objective on salesforce.com and gave the stock a buy rating in a research report on Monday. Credit Suisse Group raised Laredo Petroleum from an underperform rating to a neutral rating and set a $2.83 price objective on the stock in a research report on Tuesday, July 9th. They noted that the move was a valuation call. CIBC reaffirmed a buy rating and set a $57.50 price objective on shares of Agnico Eagle Mines in a research report on Friday, April 5th. TheStreet lowered Whitestone REIT from a b- rating to a c+ rating in a research report on Monday, April 1st. Finally, Oppenheimer lowered Gulfport Energy from an outperform rating to a market perform rating in a research report on Friday, April 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $10.68.

NASDAQ:GPOR traded down $0.04 during trading hours on Tuesday, reaching $3.63. 1,149,029 shares of the stock were exchanged, compared to its average volume of 4,434,073. 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 has a 50-day simple moving average of $4.82. Gulfport Energy has a twelve month low of $3.56 and a twelve month high of $12.08. The stock has a market cap of $601.42 million, a P/E ratio of 1.98, a price-to-earnings-growth ratio of 0.23 and a beta of 0.86.



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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of Gulfport Energy by 567.1% in the first quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 3,448 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new stake in Gulfport Energy during the first quarter valued at approximately $35,000. CWM Advisors LLC acquired a new stake in Gulfport Energy during the fourth quarter valued at approximately $67,000. Cetera Advisor Networks LLC acquired a new stake in Gulfport Energy during the first quarter valued at approximately $84,000. Finally, OLD Mission Capital LLC acquired a new stake in Gulfport Energy during the fourth quarter valued at approximately $69,000. 97.62% of the stock is owned by institutional investors.

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.

Read More: What is the S&P 500 Index?

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.