Fast forward to today, and it has kick-started growth, enhanced its platform, and is pursuing several avenues to drive growth. Analysts like Gulfport Energy more than other “energy” companies. The consensus rating for Gulfport Energy is Buy while the average consensus rating for “energy” companies is Moderate Buy. Over the previous 90 days, Gulfport Energy’s stock had 1 upgrade by analysts.
Investors Will Want Gulfport Energy’s (NYSE:GPOR) Growth In ROCE To Persist
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- It faced intense scrutiny from regulators and customers alike, and its growth stagnated.
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Parham anticipates a robust second quarter from Gulfport Energy, highlighting the company’s decision in the first quarter to reallocate some of its capital spending toward dry gas development in the latter half of the year. This includes adding a four-well dry gas Utica pad while postponing a four-well wet gas Marcellus pad. The company also wants to tap into its young customer base and help fulfill their financial needs.
Its principal properties include Utica and Marcellus in eastern Ohio; and the SCOOP Woodford and Springer formations in central Oklahoma. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
Gulfport Energy Corporation Revises Production Guidance for the Full Year 2023
It is also exploring more unique products, such as event contracts and asset tokenization, which could appeal to its younger user base. This browser-based platform, the company says, aims to be “the most state-of-the-art desktop platform for trading,” as Robinhood seeks to persuade active traders to switch. The company has also expanded the products that customers can trade, including index options, futures, and event contracts that capitalize on the growing popularity of prediction markets. 5 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Gulfport Energy in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” GPOR shares.
Gulfport Energy price target raised to $236 from $208 at JPMorgan
Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. As of December 31, 2021, it had 3.9 trillion cubic feet of natural gas equivalent to proved reserves; and proved undeveloped reserves comprising 8 MMbbl oil and 22 MMBbl NGL, and 1,550 Bcf natural gas. The company was incorporated in 1997 and is headquartered in Oklahoma City, Oklahoma. Gulfport Energy Corporation engages in the acquisition, exploration, and production of natural gas, crude oil, and natural gas liquids in the United States.
Consensus EPS estimates fall by 15%, revenue upgraded
The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available. The Gulfport Energy (GPOR) stock chart highlights key performance trends across multiple timeframes. In the past month, the stock has decreased 13.48%, reflecting recent market activity. As of the latest close, Gulfport Energy traded at $172.18 with a market cap of $3.06 billion and volume of 170,124 shares. However, I think investors may be better off waiting for the share price to dip and become more reasonably valued before purchasing the stock.
Join Benzinga Edge and unlock all the major upgrades, downgrades, and changes to the market’s most accurate analysts. This pivot has been met with a positive outlook from JP Morgan. Zach Parham, an analyst at JP Morgan, reiterated the Overweight rating on Gulfport Energy, raising the price forecast from $208 to $236.
However, the stock has skyrocketed by 173% since the start of the year. Gulfport Energy has been rated by research analysts at Bank of America, JPMorgan Chase & Co., KeyCorp, gulfport energy stock robinhood TD Cowen, and UBS Group in the past 90 days. A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
Gulfport Energy Stock Price
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
- Over the previous 90 days, Gulfport Energy’s stock had 1 upgrade by analysts.
- The company also wants to tap into its young customer base and help fulfill their financial needs.
- Capital expenditures for the quarter are expected to land at $124 million, slightly exceeding consensus.
- Since the end of 2023, platform assets have more than doubled, from $102.6 billion to $255 billion (as of May 31).
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After facing scrutiny for its payment-for-order-flow business model and its role in the 2021 meme stock frenzy, the company is becoming a formidable player in the financial landscape. Gulfport Energy’s second quarter natural gas realization is projected at $3.00 per Mcf before hedging, implying a $0.44 discount to NYMEX. Capital expenditures for the quarter are expected to land at $124 million, slightly exceeding consensus. After adjusting for market conditions in the second quarter, Parham estimates cash flow per share (CFPS) at $11.07, slightly ahead of the Street estimate of $10.77. EBITDA is forecasted at $208 million, modestly below the consensus of $223 million. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report.
Gulfport Energy Now Appears To Be Fairly Valued
Looking to profit from the electric vehicle mega-trend? Enter your email address and we’ll send you our list of which EV stocks show the most long-term potential. Gulfport Energy’s stock was trading at $194.68 at the start of the year. Since then, GPOR stock has decreased by 10.6% and is now trading at $173.99. Sign-up to receive the latest news and ratings for Gulfport Energy and its competitors with MarketBeat’s FREE daily newsletter.
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