Gulfport Energy Corporation (GPOR) Appears To Be In Wait-and-See Mode

If you can handle volatility, Gulfport Energy Corporation (NASDAQ:GPOR) is the stock to watch now. The stock closed lower on 08 February. The shares dropped -0.01 points or -0.14 percent at $7.28 with a light trade volume of 3.127 million shares. After opening the session at $7.25, the shares went as high as $7.36 and as low as $7.19, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.26 billion and now has 173.54 million shares outstanding. Gulfport Energy Corporation (GPOR) stock has lost -8.43 percent of market value in 21 trading days.

GPOR stock has a trailing 3-year beta of 0.99, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.54 a share in the trailing twelve months. The stock’s value has surged 11.15 percent year to date (YTD) against a decline of -16.32 percent in 12 month’s time. The company’s shares still trade -45.71 percent away from its 1-year high of $13.41 and 17.8 percent up from 52-week low of $6.18. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Gulfport Energy Corporation (GPOR) will probably climb 60.3 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $16 price as 12-month high target. This represents a whopping 119.78 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $11, which represents a return potential of 51.1 percent when compared to the closing price of the stock of $7.28 on Friday, February 08. The lowest price target for the stock is $7 — slightly more than -3.85 percent from GPOR’s current share price.

History has shown that shares in Gulfport Energy Corporation have gone up on 19 different earnings reaction days and are predicted to add 0.05 percent when the company reports upcoming earnings. Investors will get their next glimpse of GPOR’s Q4 earnings on February 27. Analysts are forecasting revenue to climb 17.7 percent to $384M in the fiscal fourth quarter, while earnings are seen soaring by nearly 11.11 percent to $0.5 per share. It earned $0.49 per share, better than the $0.36, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $361M, better than the $357M analysts expected. Earnings are estimated to increase by 130.3 percent this year, -32.06 percent next year and continue to increase by -2.18 percent annually for the next 5 years.

Let’s take a look at some insider activity at Gulfport Energy Corporation (NASDAQ:GPOR) and see the pattern. The earliest insider trade took place on 11/20/2018. Westerman Paul D gathered a total of 10 thousand shares of company at average share price of $8.44. The total for the purchase was set at $84.4 thousand. After this transaction, the Director account balance stood at 56.69 thousand shares. The stock lost -13.74 percent since that insider purchase. On 08/16/2018, Maier Stuart, SVP, Geosciences, sold 2 thousand shares at a price per share of $11.19. This removed 22.38 thousand shares from the insider’s fortune and the stock saw a -34.94 percent retreat in value since the news became public. This transaction left 118.06 thousand shares in the SVP, Geosciences account.

On 06/19/2018, VP of Reservoir Engineering Baldwin Steve performed a sale transaction worth $110 thousand. This sale at $11 each has eliminated 10 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -33.82 percent decrease since the transaction was reported. The insider now is left with 40.92 thousand shares remaining in the account. Westerman Paul D, who performs the Director job, bought 10 thousand shares for $103.3 thousand. The acquisition occurred on 05/29/2018 was priced at $10.33 per share. The share price plunged -29.53 percent since the reporting date. Westerman Paul D now left with a stake of 35.49 thousand GPOR stock worth $258.35 thousand after the insider buying.

The stock is currently hovering around the first support level of $7.19. Below this, the next support is placed in the zone of $7.11. Till the time, the GPOR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 32.43 on daily chart, which may remain a cause for comfort. If the price breaks below $7.11 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $7.36 mark may result into a pull-back move towards $7.45 level.

Shares of Gulfport Energy Corporation (GPOR) are trading at a P/E ratio of 2.87 times earnings reported for the past 12 months. The industry GPOR operates in has an average P/E of 8.71. Its P/E ratio went as low as 5.29X and as high as 32.09 over the 5-year span.Further, it is sporting a 0.95 on the Price-to-Sales ratio. Compare this with the industry average P/S of 77.53. 91.4 percent is the gross profit margin for Gulfport Energy Corporation and operating margin sits at 30.6 percent. Along with this, the net profit margin is 33.9 percent.