Stock Worth Watching: 1.13 is Gulfport Energy Corp’s (NASDAQ:GPOR) Institutional Investor Sentiment

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Stock Worth Watching: 1.13 is Gulfport Energy Corp's (NASDAQ:GPOR) Institutional Investor Sentiment

Sentiment for Gulfport Energy Corp (NASDAQ:GPOR)

Gulfport Energy Corp (NASDAQ:GPOR) institutional sentiment decreased to 1.13 in 2016 Q2. Its down -0.33, from 1.46 in 2016Q1. The ratio turned negative, as 167 institutional investors started new or increased holdings, while 114 sold and reduced stakes in Gulfport Energy Corp. The institutional investors in our partner’s database now possess: 126.76 million shares, down from 128.59 million shares in 2016Q1. Also, the number of institutional investors holding Gulfport Energy Corp in their top 10 holdings decreased from 7 to 5 for a decrease of 2. Sold All: 36 Reduced: 78 Increased: 121 New Position: 46.

Gulfport Energy Corporation 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 company has a market cap of $3.26 billion. The Firm has 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. It currently has negative earnings. 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.

About 1.38M shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 16.76% since April 27, 2016 and is downtrending. It has underperformed by 21.99% the S&P500.

Analysts await Gulfport Energy Corporation (NASDAQ:GPOR) to report earnings on February, 15. They expect $0.21 earnings per share, up 2,200.00% or $0.22 from last year’s $-0.01 per share. GPOR’s profit will be $26.37M for 30.90 P/E if the $0.21 EPS becomes a reality. After $0.16 actual earnings per share reported by Gulfport Energy Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

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.”

Firefly Value Partners Lp holds 8.96% of its portfolio in Gulfport Energy Corporation for 1.86 million shares. Encompass Capital Advisors Llc owns 630,000 shares or 5.84% of their US portfolio. Moreover, Grt Capital Partners L.L.C. has 4.11% invested in the company for 528,800 shares. The New York-based Sir Capital Management L.P. has invested 3.76% in the stock. Villere St Denis J & Co Llc, a Louisiana-based fund reported 1.66 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 3 sales for $994,370 net activity.

Gulfport Energy Corporation (NASDAQ:GPOR) Ratings Coverage

Ratings analysis reveals 73% of Gulfport Energy Corporation’s analysts are positive. Out of 26 Wall Street analysts rating Gulfport Energy Corporation, 19 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $24 while the high is $65. The stock’s average target of $39.58 is 52.47% above today’s ($25.96) share price. GPOR was included in 53 notes of analysts from July 21, 2015. The rating was maintained by Northland Capital on Tuesday, July 28 with “Outperform”. The firm has “Buy” rating by KLR Group given on Friday, August 5. Howard Weil maintained Gulfport Energy Corporation (NASDAQ:GPOR) rating on Friday, May 6. Howard Weil has “Sector Outperform” rating and $34 price target. As per Tuesday, June 14, the company rating was downgraded by Deutsche Bank. The rating was maintained by Topeka Capital Markets on Thursday, February 18 with “Buy”. The rating was initiated by Piper Jaffray on Friday, July 8 with “Overweight”. The rating was downgraded by Howard Weil on Monday, December 14 to “Sector Outperform”. JP Morgan maintained the shares of GPOR in a report on Tuesday, March 15 with “Overweight” rating. KeyBanc Capital Markets maintained the shares of GPOR in a report on Monday, August 22 with “Overweight” rating. The rating was initiated by JP Morgan on Wednesday, December 9 with “Overweight”.

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.

More news for Gulfport Energy Corporation (NASDAQ:GPOR) were recently published by: Reuters.com, which released: “BRIEF-Gulfport Energy Corporation says Q3 loss per share $1.25” on November 02, 2016. Moodys.com‘s article titled: “Moody’s rates Gulfport Energy’s proposed unsecured notes B2” and published on October 06, 2016 is yet another important article.

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By Winifred Garcia


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