The stock of Gulfport Energy Corporation (NASDAQ:GPOR) is a huge mover today! About 825,241 shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 16.18% since April 28, 2016 and is downtrending. It has underperformed by 22.11% the S&P500.
The move comes after 7 months positive chart setup for the $3.34 billion company. It was reported on Dec, 1 by Barchart.com. We have $28.14 PT which if reached, will make NASDAQ:GPOR worth $200.40 million more.
Analysts await Gulfport Energy Corporation (NASDAQ:GPOR) to report earnings on February, 15. They expect $0.21 EPS, up 2,200.00% or $0.22 from last year’s $-0.01 per share. GPOR’s profit will be $26.42 million for 31.61 P/E if the $0.21 EPS becomes a reality. After $0.16 actual EPS reported by Gulfport Energy Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.
Gulfport Energy Corporation (NASDAQ:GPOR) Ratings Coverage
Out of 26 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 19 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 73% are positive. Gulfport Energy Corporation has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, August 19 by Jefferies. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, October 21. The firm earned “Overweight” rating on Wednesday, December 9 by JP Morgan. The firm has “Hold” rating by Deutsche Bank given on Tuesday, June 14. The company was upgraded on Tuesday, October 18 by Goldman Sachs. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, February 18. JP Morgan maintained Gulfport Energy Corporation (NASDAQ:GPOR) rating on Tuesday, March 15. JP Morgan has “Overweight” rating and $30 price target. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) earned “Buy” rating by Topeka Capital Markets on Monday, January 25. The stock has “Neutral” rating given by Alembic on Tuesday, April 5. The firm has “Buy” rating by Wunderlich given on Monday, June 27.
According to Zacks Investment Research, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.33, from 1.46 in 2016Q1. The ratio worsened, as 36 funds sold all Gulfport Energy Corporation shares owned while 78 reduced positions. 46 funds bought stakes while 121 increased positions. They now own 126.76 million shares or 1.42% less from 128.59 million shares in 2016Q1.
Fifth Third Bankshares has 511 shares for 0% of their US portfolio. Adage Ptnrs Grp Ltd Liability Com accumulated 880,000 shares or 0.08% of the stock. Capstone Asset has 0.01% invested in the company for 10,222 shares. Lombard Odier Asset Management (Europe) holds 0.04% or 22,725 shares in its portfolio. Federated Investors Pa has invested 0.01% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Avalon Limited Co last reported 0.02% of its portfolio in the stock. Diam Limited holds 0.01% or 16,200 shares in its portfolio. Weiss Asset Lp last reported 0.09% of its portfolio in the stock. King Luther Cap Mgmt accumulated 0.23% or 760,510 shares. Miller Howard Investments New York, a New York-based fund reported 18,902 shares. Encompass Capital Ltd Liability Corp last reported 630,000 shares in the company. Parkwood Limited last reported 33,170 shares in the company. The Florida-based Finemark Bank & Tru has invested 0% in Gulfport Energy Corporation (NASDAQ:GPOR). Moreover, Wfg Advsr Ltd Partnership has 0% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 100 shares. Loomis Sayles And Communications L P last reported 565,612 shares in the company.
Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 3 selling transactions for $994,370 net activity. The insider Baldwin Steve sold 566 shares worth $15,282. Moore Michael G sold $659,088 worth of stock.
Another recent and important Gulfport Energy Corporation (NASDAQ:GPOR) news was published by Reuters.com which published an article titled: “BRIEF-Gulfport Energy Corporation says Q3 loss per share $1.25” on November 02, 2016.
GPOR Company Profile
Gulfport Energy Corporation (Gulfport), incorporated on June 20, 1997, is an independent oil and natural gas exploration and production firm focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Firm has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Firm also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand.
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