Jefferies Financial Group downgraded shares of Gulfport Energy (NASDAQ:GPOR) from a buy rating to a hold rating in a research report sent to investors on Monday, BenzingaRatingsTable reports. They currently have $5.00 price objective on the oil and gas producer’s stock, down from their prior price objective of $11.00. Jefferies Financial Group also issued estimates for Gulfport Energy’s Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.05 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.16 EPS, Q4 2020 earnings at $0.31 EPS, FY2020 earnings at $1.00 EPS, Q1 2021 earnings at $0.26 EPS, Q2 2021 earnings at $0.10 EPS and FY2021 earnings at $0.73 EPS.

Several other equities analysts also recently issued reports on GPOR. Credit Suisse Group raised shares of Laredo Petroleum from an underperform rating to a neutral rating and set a $2.83 price target for the company in a report on Tuesday, July 9th. They noted that the move was a valuation call. CIBC reissued a buy rating and set a $57.50 price target on shares of Agnico Eagle Mines in a report on Friday, April 5th. TheStreet downgraded shares of Whitestone REIT from a b- rating to a c+ rating in a research note on Monday, April 1st. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a strong-buy rating to a buy rating in a research note on Wednesday, May 29th. Finally, Oppenheimer downgraded shares of Gulfport Energy from an outperform rating to a market perform rating in a research note on Friday, April 5th. Three investment 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 stock has an average rating of Hold and a consensus price target of $10.68.

Shares of GPOR stock opened at $3.66 on Monday. Gulfport Energy has a 12-month low of $3.56 and a 12-month high of $12.08. The company has a market cap of $604.69 million, a P/E ratio of 2.00, a P/E/G ratio of 0.24 and a beta of 0.86. The company’s 50-day moving average price is $4.82. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.63.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Gulfport Energy had a net margin of 29.83% and a return on equity of 8.28%. The firm had revenue of $320.58 million during the quarter, compared to the consensus estimate of $313.11 million. During the same period last year, the firm posted $0.56 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Gulfport Energy will post 1.18 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Gulfport Energy by 567.1% during the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 3,448 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in shares of Gulfport Energy during the 1st quarter worth approximately $35,000. CWM Advisors LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter worth approximately $67,000. OLD Mission Capital LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter worth approximately $69,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Gulfport Energy during the 1st quarter worth approximately $84,000. Institutional investors own 97.62% of the company’s stock.

About Gulfport Energy

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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