Goldman Sachs Group Inc downgraded shares of Gulfport Energy Co. (NASDAQ:GPOR) from a buy rating to a neutral rating in a research note published on Wednesday. They currently have $21.00 price objective on the oil and gas producer’s stock, down from their prior price objective of $31.00.
A number of other equities research analysts have also issued reports on GPOR. Guggenheim raised shares of Gulfport Energy from a neutral rating to a buy rating and set a $30.00 target price for the company in a report on Monday, December 19th. Stephens raised shares of Gulfport Energy from an equal weight rating to an overweight rating and set a $29.00 price objective for the company in a report on Monday, December 19th. Williams Capital dropped their price objective on shares of Gulfport Energy from $36.00 to $32.00 and set a buy rating for the company in a report on Monday, December 19th. KLR Group reissued a buy rating and issued a $31.00 price objective (down previously from $36.00) on shares of Gulfport Energy in a report on Monday, December 19th. Finally, Credit Suisse Group AG reissued a buy rating and issued a $37.00 price objective on shares of Gulfport Energy in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $30.35.
Gulfport Energy (NASDAQ:GPOR) traded up 3.38% on Wednesday, reaching $16.19. 3,535,412 shares of the company were exchanged. Gulfport Energy has a 12-month low of $15.31 and a 12-month high of $34.67. The firm has a 50-day moving average of $16.77 and a 200 day moving average of $21.94. The firm’s market capitalization is $2.57 billion.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Monday, February 13th. The oil and gas producer reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. The business had revenue of $202.70 million for the quarter, compared to analysts’ expectations of $197.91 million. During the same period in the previous year, the company earned ($0.01) EPS. Gulfport Energy’s quarterly revenue was down 66.7% compared to the same quarter last year. On average, equities analysts predict that Gulfport Energy will post $1.03 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in GPOR. Boston Partners increased its stake in Gulfport Energy by 4,517.3% in the third quarter. Boston Partners now owns 12,808,323 shares of the oil and gas producer’s stock worth $361,835,000 after buying an additional 12,530,923 shares during the period. State Street Corp increased its position in Gulfport Energy by 7.0% in the fourth quarter. State Street Corp now owns 5,074,543 shares of the oil and gas producer’s stock valued at $109,808,000 after buying an additional 330,787 shares during the period. BlackRock Fund Advisors increased its position in Gulfport Energy by 3.9% in the third quarter. BlackRock Fund Advisors now owns 4,805,659 shares of the oil and gas producer’s stock valued at $135,760,000 after buying an additional 180,274 shares during the period. BlackRock Advisors LLC increased its position in Gulfport Energy by 0.4% in the third quarter. BlackRock Advisors LLC now owns 3,642,804 shares of the oil and gas producer’s stock valued at $102,909,000 after buying an additional 13,429 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in Gulfport Energy by 31.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,039,977 shares of the oil and gas producer’s stock valued at $85,879,000 after buying an additional 719,571 shares during the period. 85.13% of the stock is owned by institutional investors.
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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