Is There More Upside Ahead For Gulfport Energy Corporation (NASDAQ: GPOR)


Shah Capital Management, Inc. has recently announced that it has increased stake in Gulfport Energy Corporation (NASDAQ:GPOR) by 0.95%. After grabbing 11.7 million shares, the institutional investor is now in possession of 0.11 million shares of the Energy Company. The new investment brought the stake of investor firm to 7.32% having worth around $11.82 million. Moreover, D. E. Shaw & Co. LP increased its share by 4.03 million to have a control over 4.03 million shares. And Norges Bank Investment Management raised its holdings to 1.0 shares by acquiring 2.66 million shares or 1.66% of the stake.

Gulfport Energy Corporation (GPOR) concluded trading on 08/26/20 at a closing price of $0.70, with 2.86 million shares of worth about $2.0 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -9.45% during that period and on Wednesday the price saw a loss of about -6.19%. Currently the company’s common shares owned by public are about 159.93M shares, out of which, 143.28M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the GPOR stock and their offered price forecasts bring an average price target of $1.36. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.20 and could fall to a lowest price of $0.25. Analysts also issued an outlook of 3.50 for the Gulfport Energy Corporation stock for next 12 months. However, touching the estimated high of $3.20 would mean a gain of 78.13% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 3,063,277 shares in 18 of the transactions. In 18 selling transactions, insiders dumped 2,775,822 shares.

iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and DFA US Small Cap Portfolio are the top 3 mutual funds which are holding stakes in Gulfport Energy Corporation iShares Core S&P Small Cap ETF is currently holding 8.79 million shares of worth totaling $8.88 million. The company recently came buying 0.0 shares which brought its stake up to 5.50% of the company’s outstanding shares. DFA US Small Cap Portfolio, after selling 3.62 million shares, have now control over 2.26% of the stake in the company. It holds -0.13 million shares of worth $3.65 million.

Gulfport Energy Corporation (NASDAQ: GPOR) started trading at $0.75, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.70, or with a loss of -6.19%. Stock saw a price change of -9.45% in past 5 days and over the past one month there was a price change of -31.87%. Year-to-date (YTD), GPOR shares are showing a performance of -76.92% which decreased to -71.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.35 but also hit the highest price of $3.88 during that period. While comparing its average daily trading volume of 4.88 million shares, we see that about 2.86 million changed hands on the day. The stock is currently trading -21.76% below its 20-day simple moving average (SMA20), while that difference is down -34.09% for SMA50 and it goes to -55.89% lower than SMA200.

Shah Capital Management, Inc. acquired 11.7 million shares of Gulfport Energy Corporation having value of about $11.82 million. Data submitted at the U.S SEC by Shah Capital Management, Inc. revealed that the firm now holds 0.11 million shares in the company valued at close to $77000.0, or have control over 0.95% stake in the company. Gulfport Energy Corporation (NASDAQ: GPOR) currently have 159.93M outstanding shares and institutions hold larger chunk of about 87.90% of that. Holding of mutual funds in the company is about 37.05% while other institutional holders and individual stake holders have control over 47.75% and 36.87% of the stake respectively.

The stock has a current market capitalization of $137.22M and its 3Y-monthly beta is at 6.71. It has posted earnings per share of -$21.15 in the same period. It has Quick Ratio of 0.50 while making debt-to-equity ratio of 8.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GPOR, volatility over the week remained 16.54% while standing at 12.19% over the month.

Analysts are in expectations that Gulfport Energy Corporation (GPOR) stock would likely to be making an EPS of -$0.17 in the current quarter, while forecast for next quarter ESPS is $0.01 and it is $0.23 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.37 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -608.70% while it is estimated to increase by 46.96% in next year.

Analysts at 11 brokerage firms have issued recommendations for the Gulfport Energy Corporation (GPOR)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.50. Out of those 11 Wall Street analysts, 0 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 5 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on March 31, 2020 offering a Sell rating for the stock and assigned a target price of to it. Coverage by JP Morgan stated Gulfport Energy Corporation (GPOR) stock as an Underweight in their note to investors on March 25, 2020, suggesting a price target of for the stock. On March 09, 2020, Piper Sandler Downgrade their recommendations, while on February 28, 2020, Scotiabank Downgrade their ratings for the stock with a price target of. Stock get a Neutral rating from Piper Sandler on February 11, 2020.


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