Gulfport Energy Corporation (GPOR) was Downgraded by KLR Group to ” Accumulate”. Earlier the firm had a rating of “Buy ” on the company shares. KLR Group advised their investors in a research report released on Jun 13, 2016.
Many Wall Street Analysts have commented on Gulfport Energy Corporation. Company shares were Reiterated by Scotia Howard Weil on May 6, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .Gulfport Energy Corporation was Downgraded by Alembic Global Advisors to ” Neutral” on Apr 5, 2016. RBC Capital Mkts Resumed Gulfport Energy Corporation on Mar 18, 2016 to “Outperform”, Price Target of the shares are set at $34.
On the company’s financial health, Gulfport Energy Corporation reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.11. The company had revenue of $156.96 million for the quarter, compared to analysts expectations of $170.68 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.08 EPS.
Gulfport Energy Corporation closed down -1.49 points or -4.36% at $32.69 with 31,05,862 shares getting traded on Friday. Post opening the session at $33.54, the shares hit an intraday low of $32.465 and an intraday high of $33.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 9, 2016, Steve Baldwin (VP of Reservoir Engineering) sold 10,000 shares at $32.00 per share price. According to the SEC, on Apr 14, 2016, Keri Crowell (Chief Accounting Officer) sold 3,000 shares at $30.00 per share price. On Mar 24, 2016, Michael G Moore (President & CEO) sold 22,500 shares at $28.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration exploitation acquisition and production of crude oil natural gas liquids and natural gas in the United States. It 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 Companys 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 producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly) and interests in entities that operate in Southeast Asia including the Phu Horm gas field in Thailand.