|Bid||1.6000 x 2200|
|Ask||1.6100 x 1300|
|Day's Range||1.5400 - 1.6200|
|52 Week Range||1.5400 - 8.7600|
|Beta (5Y Monthly)||0.94|
|PE Ratio (TTM)||0.70|
|Earnings Date||Feb 24, 2020 - Mar 01, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.16|
With natural gas prices recently diving to more than three-year lows and Gulfport (GPOR) positioned as one of the most gas-weighted upstream players, the company's performance is weighed on.
Natural gas futures slumped to their lowest level in more than three and a half years after weather updates showed milder temperatures and pessimistic signs for heating demand over the next few days.
Anyone researching Gulfport Energy Corporation (NASDAQ:GPOR) might want to consider the historical volatility of the...
Raleigh-based hedge fund investor Shah Capital generated almost a 45 percent return for its $300 million fund last year, after registering a 31 percent loss the year before.
The Zacks Analyst Blog Highlights: EQT, Gulfport Energy, Southwestern Energy, Cabot Oil & Gas and SilverBow Resources
Small cap stocks are listed companies that have market capitalizations ranging from $300 million to $2 billion. Since the share prices of these companies can have big fluctuations over a short period of time, companies with market caps of up to $10 billion are also found in the small cap universe. Some of the stocks classified as small cap include cloud computing business Fastly Inc. (FSLY), fitness and wellness company Tivity Health Inc (TVTY), and gaming firm Century Casinos Inc. (CNTY).
“We are very pleased to welcome Al to our Board as a new independent director,” commented David M. Wood, President and Chief Executive Officer. At PwC, Mr. Bledsoe served in various senior roles, including as global leader for PwC's Energy, Mining and Utilities Industries Assurance and Business Advisory Services Group, a member of the firms senior leadership team, Regional and Office Managing Partner and as audit and senior relationship partner on some of the firm’s largest energy industry clients.
Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, today announced that it has entered into definitive agreements to acquire Gulfport Energy Corporation's (NASDAQ: GPOR) water infrastructure in the SCOOP for an upfront payment and other contingent consideration based on the timing, pace and magnitude of Gulfport's future development program and water production levels. Simultaneously, the parties entered into 15-year agreements whereby Bison will exclusively manage all of Gulfport's water gathering, recycling, storage, reuse, disposal, transportation, logistics and sourcing within a dedicated area across Grady, Garvin and Stephens counties. The acquired assets include the 15-year agreements, a multi-line water gathering and delivery system, 2.3 million barrels of storage capacity, 40,000 barrels per day of recycling capacity, 55,000 barrels per day of freshwater supply capacity, associated real property and a pending saltwater disposal permit.
Gulfport recently entered into a definitive agreement to divest its water infrastructure assets across its SCOOP position to a third-party water service provider. Gulfport expects to receive $50 million in cash upon closing and has an opportunity to earn potential additional incentive payments in excess of $50 million over the next 15 years, subject to Gulfport’s ability to meet certain thresholds which will be driven by, among other things, the Company’s future development program and future water production levels. The Company anticipates closing the transaction during January 2020.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Today we'll look at Gulfport Energy Corporation (NASDAQ:GPOR) and reflect on its potential as an investment...
ConocoPhillips (COP) unveiled a 10-year plan that targets, among others, $50 billion in free cash flow. Meanwhile, HollyFrontier (HFC) raised its dividend by 6%.
Firefly Value Partners on Thursday asked Gulfport Energy for a seat on its board and criticized the "half-measures" which the U.S. gas exploration and production company is taking to improve its financial performance. On Monday, Oklahoma City-based Gulfport announced job cuts, board changes and an end to its share buyback program to focus on debt repurchases, to help reverse a more than 65% slide in its share price over the last 12 months. Gulfport had said on Monday that Chairman David Houston would not stand for reelection next year, while two other directors - Craig Groeschel and Scott Streller - would step down from Gulfport's board by the end of this year.
Firefly Value Partners, LP, which manages funds that, together with affiliates, collectively beneficially own 9.9% of the outstanding common stock of Gulfport Energy Corporation (GPOR), today issued a public letter to the Gulfport Board of Directors. Firefly Value Partners, LP (“Firefly” or “we”) manages funds that, together with affiliates, collectively beneficially own 9.9% of the outstanding common stock of Gulfport Energy Corporation (“Gulfport” or the “Company”), making it the Company’s largest active stockholder.
U.S. gas exploration and production company Gulfport Energy Corp on Monday confirmed that it would cut jobs, change its board and end its share buybacks, in a bid to reverse a slide in its stock price. Gulfport shares, which fell 7.8% to $2.85 in morning trading, have lost about 67% of their market value in the last 12 months, as weak natural gas prices have eroded its profitability and forced it to slash capital investment. Gulfport, whose production is focused primarily in the Utica Shale in Ohio and SCOOP acreage in Oklahoma, also made a new commitment to use excess cash to pay down debt, which totaled $2.1 billion as of the end of September.
The shareholder value initiatives include a continuation of discounted debt repurchases and a suspension of its share repurchase program, as well as a 13% reduction in headcount as part of the Company’s overall cost reduction program. The Company also announced that two of its Board members, Craig Groeschel and Scott E. Streller, will step down from the Board by year-end.
U.S. gas exploration and production company Gulfport Energy Corp will announce job cuts, board changes and an end to its share buybacks on Monday, in a bid to reverse a slide in its share price, according to people familiar with the matter. The Oklahoma City-based company has lost 65% of its market value in the last 12 months, as weak natural gas prices have eroded its profitability and forced it to slash capital investment. Gulfport, whose production is focused primarily in the Utica Shale in Ohio and SCOOP acreage in Oklahoma, plans to announce job cuts and make a new commitment to using excess cash to pay down debt, which totaled $2.1 billion as of the end of September, according to the sources.