Equities research analysts at Credit Suisse Group initiated coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a research report issued on Monday. The firm set a “neutral” rating and a $15.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target suggests a potential upside of 18.02% from the company’s previous close.

Several other research firms also recently commented on GPOR. Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy in a research note on Thursday, October 12th. Mizuho reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research note on Wednesday, October 4th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research note on Monday, October 9th. Finally, Morgan Stanley raised their price objective on Gulfport Energy from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.52.

Gulfport Energy (NASDAQ:GPOR) opened at $12.71 on Monday. Gulfport Energy has a 1-year low of $10.90 and a 1-year high of $28.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $2,281.20, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.30 and a beta of 0.69.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The firm had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. During the same period in the prior year, the company posted $0.16 EPS. The firm’s revenue was up 37.1% compared to the same quarter last year. equities research analysts forecast that Gulfport Energy will post 1.36 EPS for the current year.

In other news, Director Paul D. Westerman purchased 10,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the acquisition, the director now directly owns 15,488 shares of the company’s stock, valued at approximately $197,472. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Capstone Asset Management Co. grew its holdings in Gulfport Energy by 7.6% during the 2nd quarter. Capstone Asset Management Co. now owns 13,732 shares of the oil and gas producer’s stock valued at $203,000 after buying an additional 970 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Gulfport Energy by 31.9% in the 2nd quarter. Aperio Group LLC now owns 53,117 shares of the oil and gas producer’s stock valued at $783,000 after purchasing an additional 12,857 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Gulfport Energy by 11.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 24,260 shares of the oil and gas producer’s stock valued at $358,000 after purchasing an additional 2,484 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Gulfport Energy by 3.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 93,265 shares of the oil and gas producer’s stock valued at $1,374,000 after purchasing an additional 3,094 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at approximately $150,000. Institutional investors and hedge funds own 86.93% of the company’s stock.

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About Gulfport Energy

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.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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