Corporate Webpages Gulfport Energy Corporation
Gulfport Energy Corporation (GPOR) has some unique features that
make it attractive for us. We were somewhat disappointed to
find our Decision Matrix did not give this stock as high a score
as we anticipated. Into that matrix go opinions of others and
recent chart performance, both of which were surprisingly
unsupportive. Gulfport is a U.S. domestic oil exploration
producer of oil and natural gas. It has operations overseas in
Thailand but we think its main sources of revenue are two
locations in the U.S., the Louisiana coast and the Texas Permian
Basin. The company may be Oklahoma-based, but its big
interests are in Louisiana and Texas. Other interests in Canada and Ohio are coming on line in
the sand shale potential business. We were somewhat led into
this selection by Jim Cramer, who favors energy stocks in
general. Unfortunately, his conclusions were not mirrored by
all other researchers. The oil exploration industry has been
weak of late in stock performance, although oil prices seem to
be remaining fairly high.
Pushing this stock down is a recent floatation of 5 million new
shares of common, diluting the value of common stock. Gulfport
frequently has had new stock offerings, but proceeds from these
have been generally used for purchases in attractive
investments, mostly domestic. If sand shale ever becomes a
significant source of this nation's energy, Gulfport should
participate nicely. Institutioins are accumulating this stock
in significant amounts.
Gulfport is also a "channeling stock", something we like to see
for predictability. However, at this time it is in the middle
of its channel range leading to no particular conclusions about
the next move. As it approaches one extreme or the other, one
might look for opportunity.
Gulfport came from next to nothing not too many years back, but
has successfully parlayed investor money into some productive
real estate in the oil and gas exploration areas of this
country. It is a growth stock, growing at a reasonable rate,
but not too fast.
One manager is holding $9 million worth of stock option
perquisites, which caused us to give it a negative insider
activity/options/executive compensation rating.
Another thing we should point out about any domestic oil and gas producer
is that the industry group is one of the most competitive to be found anywhere.
One might well pay close attention to the number and size of competitors.
12-21-2011: Gulfport Energy Corporation (GPOR): Texas and Louisiana Oil with Shale Potential Elsewhere
(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)
Company Profile
Company History
News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Financial Ratios
Market Grader
Intrinsic Value (Disc. CashFlow)
Intrinsic Value (Proj. Earnings)
Scout Stock Rating
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Stock Report
Management's Discussion
Moving Average Chart
Right Time Study
Channel Potential
Intraday Chart
Stock Fetcher
Point & Figure Chart
Wall Street Analyzer
Marketspace Chart
Time Series Forecast
Neural Network Prediction
Stock Options
Ultimate Trading Systems
Recommendation
Corporate Wepages
Company Profile |
Company History |
News |
Comparison |
Similar Companies Performance:
Bond Issue |
Zenith Index |
Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is consider strong and > 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.
Gulfport Energy Corp. (GPOR ) Sector: Basic Materials
14313 North May Avenue Industry: Independent Oil & Gas
Suite 100 Exchange: Nasdaq
Oklahoma City, OK 73134
Gulfport Energy Corporation engages in the exploration, development, and
production of oil and natural gas properties. Its principal properties
consist of the West Cote Blanche Bay and Hackberry fields in the Louisiana
Gulf Coast; and the Permian Basin in West Texas. The company also has
interests in the Niobrara Formation, Western Colorado; the Utica Shale of
eastern Ohio; and the Alberta oil sands in Canada, as well as owns
interests in southeast Asia, including the Phu Horm gas field in Thailand.
As of December 31, 2010, it had 22.4 million barrels of oil equivalent of
proved reserves. The company is headquartered in Oklahoma City, Oklahoma.
Last Trade: 27.96 52-Week Range: 38.09 - 18.72
Trade Date: 12-20 Avg. Volume: 1,019,550 Shares
Index Membership: Employees: 45
Corporate Governance:
Audit (Low Concern), Board (Medium Concern),
Compensation (Medium Concern), Shareholder Rights (Low Concern).
EPS: 1.94 Dividend Amount: $ 0.00 Yield: 0.00%
Ex-Dividend Date: N/A Mkt Cap: $ 1,420,000K
Payout Ratio: 0.00%
Last Split Factor (new for old): N/A Split Date: N/A
Key Statistics:
Enterprise Value: $ 1,400,000K Revenue (ttm) : $ 198,040K
Gross Profit: $ 109,330K
Earnings before Income Tax, Depreciation and Amortization: $ 147,600K
Enterprise Value/Revenue (ttm): 7.09 Revenue per Share: $ 4.23
Enterprise Value/EBITDA (ttm): 9.51 Qtrly Rev Growth (y to y): 74.40%
P/E Ratio (fwd projected): 11.41 P/E Ratio (current): 14.42
P/E Growth Ratio (5 yr expected): 0.29 Operating Margin: 47.64%
Price/Sales Ratio: 7.19 Profit Margin: 46.34%
Price/Book Value: 2.98 Book Value: $ 9.38/sh.
Return on Assets: 13.95% Net Income Avl to Common: $ 91,760K
Return on Equity: 27.27% Diluted Earnings/Share: $ 1.94
Qrtly Earnings Growth (yoy): 128.80%
Balance Sheet Items : Cash Flow Items (ttm):
(most recent qrtr) (trailing 12 mo.)
Total Cash: $ 22,710K Operating Cash Flow:$ 149,650K
Total Debt: $ 2,320K Lvgd Free Cash Flow:$ -114,970K
Total Debt/Equity: 0.49
Total Cash/Share: $ 0.45
Current Ratio: 0.90
Share Statistics: Stock Price History:
Shares Outstanding: 50,940K Stk 52-Week Change: 31.33%
Float: 43,290K S&P 500 52-Wk Chng: -3.93%
Sh. Short % of Float: 9.60% 50-Day Moving Avg: 32.49
Short Ratio: 3.70 200-Day Moving Avg: 29.32
% Held by Institutions: 60.40% Beta: 2.49
% Held by Insiders: 27.20%
Analysts' Estimates: Cur. Qtr Next Qtr Cur. Year Next Year
___________________________ Dec 11 Mar 12 Dec 11 Dec 12
Average Earnings Estimate 0.56 0.55 2.18 2.45
Average Revenue Estimate 9M 62M 219M 281M
Factors Comparing This Company to Its Industry Leader (1.0 = Average):
Long Term EPS Growth Rate (5 yr): 42.385 EPS Growth (Qrtly YoY): 12.523
PEG Ratio (ttm, 5 yr expected): %1856.469 P/E Ratio (ttm): 38.190
Revenue Growth (Qrtly YoY): 7.548
Annual Income Statements: All numbers in thousands)
Period Ending Dec31,2010 Dec31,2009 Dec31,2008
Total Revenue 126,944 85,262 141,217
Cost of Revenue 17,614 16,316 38,669
Gross Profit 109,330 68,946 102,548
Operating Expenses:
Research & Development 0 0 0
Selling, General & Administrative 20,029 14,789 6,843
Non-Recurring Expenses 0 0 272,722
Other Operating Expenses 39,524 29,807 43,032
Total Operating Expenses 0 0 0
Operating Income or Loss 49,777 24,350 -220,049
Income from Continuing Operations:
Total Other Income/Expenses Net 387 1,614 40,309
Earnings Before Interest & Taxes 50,164 25,964 -179,740
Interest Expense 2,761 2,309 4,762
Income Before Taxes 47,403 23,655 -184,502
Income Tax Expense 40 28 0
Minority Interest 0 0 0
Net Income from Continuing Op.s 47,363 23,627 -184,502
Non-recurring Events:
Discontinued Operations 0 0 0
Extraordinary Items 0 0 0
Effect of Accounting Changes 0 0 0
Other Items 0 0 0
Net Income 47,363 23,627 -184,502
Preferred Stock & Other Adjustmnts 0 0 0
Net Income Avail To Common Shares 47,363 23,627 -184,502
Quarterly Income Statements: All numbers in thousands)
Period Ending Sep30,2011 Jun30,2011 Mar31,2011 Dec31,2010
Total Revenue 59,039 54,947 46,322 37,047
Cost of Revenue 5,744 4,706 4,653 5,402
Gross Profit 53,295 50,241 41,669 31,645
Operating Expenses:
Research & Development 0 0 0 0
Selling, General & Adminis. 8,315 8,851 7,563 5,201
Non-Recurring Expenses 0 0 0 0
Other Operating Expenses 14,904 13,876 12,317 12,151
Total Operating Expenses 0 0 0 0
Operating Income or Loss 30,076 27,514 21,789 14,293
Income from Continuing Operations:
Total Other Income/Expenses Net 64 37 38 143
Earnings Before Int. & Taxes 29,234 27,551 21,827 14,922
Interest Expense 225 285 653 607
Income Before Taxes 29,009 27,266 21,174 14,315
Income Tax Expense 0 1 0 0
Minority Interest 0 0 0 0
Net Income from Continuing Op.s 28,103 27,265 21,174 14,801
Non-recurring Events:
Discontinued Operations 0 0 0 0
Extraordinary Items 0 0 0 0
Effect of Accounting Changes 0 0 0 0
Other Items 0 0 0 0
Net Income 29,009 27,265 21,174 14,315
Preferred Stock & Other Adj.s 0 0 0 0
Net Income Avail To Common Shs 29,009 27,265 21,174 14,315
Annual Balance Sheets: All Numbers in Thousands
Period Ending Dec31,2010 Dec31,2009 Dec31,2008
Current Assets:
Cash & Cash Equivalents 2,468 1,724 5,944
Short Term Investments 0 0 0
Net Receivables 15,525 9,628 13,644
Inventory 0 0 0
Other Current Assets 1,732 2,047 1,045
Total Current Assets 19,725 13,399 20,633
Long-Term Investments 53,027 47,926 37,737
Property, Plant & Equipt 249,740 169,298 162,239
Goodwill 0 0 0
Intangible Assets 0 0 0
Accumulated Amortization 0 0 0
Other Assets 4,182 3,370 611
Deferred Long Term Asset Charges 628 533 653
Total Assets 319,693 227,344 221,873
Current Liabilities:
Accounts Payable 41,155 20,977 27,772
Short/Current Long Term Debt 7,137 21,577 815
Other Current Liabilities 635 635 635
Total Current Liabilities 48,927 43,189 29,222
Long Term Debt 49,500 49,586 69,916
Other Liabilities 10,210 9,518 8,634
Deferred LT Liability Charges 0 0 0
Minority Interest 0 0 0
Negative Goodwill 0 0 0
Total Liabilities 108,637 102,293 107,772
Stockholder Equity:
Misc. Stocks Options Warrants 0 0 0
Redeemable Perferred Stock 0 0 0
Preferred Stock 0 0 0
Common Stock 446 427 426
Retained Earnings -83,875 -131,238 -154,865
Treasury Stock 0 0 0
Capital Surplus 296,253 273,901 273,343
Other Stockholder Equity -1,768 -18,039 -4,803
Total Stockholder Equity 211,056 125,051 114,101
Net Tangible Assets 211,056 125,051 114,101
Quarterly Balance Sheets: All Numbers in Thousands
Period Ending Sep30,2011 Jun30,2011 Mar31,2011 Dec31,2010
Current Assets:
Cash & Cash Equivalents 22,711 4,678 26,826 2,468
Short Term Investments 0 0 0 0
Net Receivables 24,497 29,430 21,104 15,525
Inventory 0 0 0 0
Other Current Assets 13,350 1,923 1,114 1,732
Total Current Assets 55,569 36,031 49,044 19,725
Long-Term Investments 80,236 74,075 61,007 53,027
Property, Plant & Equipt 419,816 336,357 267,166 249,740
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Accumulated Amortization 0 0 0 0
Other Assets 0 4,932 4,564 4,182
Deferred LT Asset Charges 573 628 628 628
Total Assets 553,437 444,322 374,787 319,693
Current Liabilities:
Accounts Payable 61,160 49,690 38,369 41,155
Current Portion LT Debt 139 3,568 11,510 7,137
Other Current Liabilities 635 635 635 635
Total Current Liabilities 61,934 53,893 50,514 48,927
Long Term Debt 2,178 32,215 2,251 49,500
Other Liabilities 11,640 10,982 10,543 10,210
Deferred LT Liab. Charges 0 0 0 0
Minority Interest 0 0 0 0
Negative Goodwill 0 0 0 0
Total Liabilities 75,752 97,090 63,308 108,637
Stockholder Equity:
Misc. Options, WarrantS 0 0 0 0
Redeemable Perferred Stock 0 0 0 0
Preferred Stock 0 0 0 0
Common Stock 509 475 474 446
Retained Earnings -6,427 -35,436 -62,701 -83,875
Treasury Stock 0 0 0 0
Capital Surplus 475,703 381,102 380,960 296,253
Other Stockholder Equity 7,900 1,091 -7,254 -1,768
Total Stockholder Equity 477,685 347,232 311,479 211,056
Net Tangible Assets 477,685 347,232 311,479 211,056
Annual Cash Flow: All Numbers in Thousands
Period Ending Dec31,2010 Dec31,2009 Dec31,2008
Net Income 47,363 27,265 -184,502
Operating Activites:
Depreciation 39,524 29,807 43,032
Adjustments to Net Income -343 537 272,949
Changes in Accounts Recv'bls -5,897 4,016 -926
Changes in Liabilities 4,948 -3,686 5,328
Changes in Inventories 0 0 0
Changes in Other Op'ing Actv's 0 -1,002 -558
Total Cash Flow fr Operations 85,835 53,299 135,323
Investing Activities:
Capital Expenditures -102,071 -49,547 -126,090
Investments -3,279 -8,190 -10,519
Other Cash Flows fr Investing 0 18,491 -214
Total Cash Flows fr Investing -105,315 -39,246 -136,823
Financing Acitivies:
Dividends Paid 0 0 0
Sale or Purchase of Stock 21,879 30 482
Net Borrowings -511 -18,303 4,198
Other Cash Flows fr Financing 0 0 0
Total Cash Flows fr Financing 20,224 -18,273 4,680
Effect of Exchange Rate Change 0 0 0
Change in Cash & Cash Equiv.s 744 -4,220 3,180
Quarterly Cash Flow: All Numbers in Thousands
Period Ending Sep30,2011 Jun30,2011 Mar31,2011 Dec31,2010
Net Income 29,009 27,265 21,174 14,315
Operating Activites:
Depreciation 15,046 14,007 12,427 12,151
Adjustments to Net Income -314 797 357 -800
Changes in Accounts Recv'bls 4,933 -8,326 -5,579 -2,697
Changes in Liabilities 7,657 4,179 -709 3,888
Changes in Inventories 0 0 0 0
Changes in Other Oper'g Acts 0 -809 618 744
Total Cash Flow f Operations 56,645 37,113 28,288 27,601
Investing Activities:
Capital Expenditures -93,841 -75,162 -33,298 -29,481
Investments -986 -2,935 -2,214 -98
Other Cash Flows fr Investing 0 -10,324 -3,494 -538
Total Cash Flows fr Investing -102,778 -88,421 -39,006 -30,117
Financing Acitivies:
Dividends Paid 0 0 0 0
Sale or Purchase of Stock 94,251 -182 84,607 284
Net Borrowings -30,035 29,966 -49,531 3,771
Other Cash Flows fr Financing -50 -624 0 -1,144
Total Cash Flows fr Financing 64,166 29,160 35,076 2,911
Effect of Exchange Rate Chg 0 0 0 0
Change in Cash & Cash Equiv. 18,033 -22,148 24,358 395
GPOR Gulfport Energy Corp. [Indices near +3.0 or near zero,
or < zero bear special attention.]
P/E Ratio Tests:
Current P/E Ratio < 28? 1.9417 P/E Ratio > 5? 1.0000
P/E Ratio Vs Growth Rate: -1.1300 Forward P/E Ratio < 28? 2.4540
Sales Tests:
Price/Sales Ratio < 2.3? 0.3199 Inventory/Sales < 5%? 1.0000
Sales < $1 billion? 3.0000 Operating Margin < 7.5%? 0.1574
Balance Sheet Tests:
Debt/Equity < 0.40? 0.8163 Long-Term Debt Service: 3.0000
LTD Being Reduced? 2.4000 Short-Term Debt Service: 3.0000
Current Ratio > 2? 0.4500 Working Capital >= 1.5? 2.2291
Leverage Ratio < 20%? 3.0000 Debt / Assets < 1? 3.0000
Quick Ratio > 1? 0.7622 Inventory Turnover > 1? 1.0000
Shares Out Decreasing? 1.2000 Market Cap.> 1.5 Billion? 1.0563
Profit Margin > 7.5%? 3.0000
Income Tests:
Dividend Yield > 2.0%? 0.0000 EPS Annual Growth > 10%? 3.0000
Enterprise Value/Revenue: 3.0000 EPS 5-yr Growth > 20%? 2.0980
Enterprise Value/EBITDA: 1.3586 EPS Growth Consistent? 3.0000
EPS Qrtly Growth > 10%? 3.0000 Collection < 45 days? 1.0081
Rev. Qtrly Growth > 15%? 3.0000 Gross Pft/Cur. LTD < 1? 3.0000
EPS Annual Growth > 10%? 3.0000 Borrowing Int. Rate< 6%? 1.0384
Stock Performance Tests:
Volatility > 25%? 2.7277 % Held by Insiders < 5%? 0.1838
Beta > 1.25? 1.9920 % Held by Institut. < 50? 0.8278
50 Da MA > 200 Da MA? 0.3401 % Held by Institut. > 30? 2.0133
52-Wk Change vs. S&P 500: -0.2620 Short Ratio > 5? 0.7400
Price/Book Value < 3? 1.0200 Short % of Float > 20? 0.4800
Return on Assets > 17%? 0.8206 Average Volume > 100,000? 3.0000
Cash Flow Tests:
Oper. C.F. > Lever'd C.F: 1.3016 Positive Free Cash Flow? 0.0000
Positive Oper. Cash Flow? 1.0000 Price to C.F./sh. Ratio: -0.8822
Cash Flow / Assets >.10? -2.0774
GPOR Gulfport Energy Corp. Overall Zenith Index: 1.4977
Financial Statements |
Income Statement:
Balance Sheet:
Cash Flow Statement:
Financial Ratios |
. . . . . . . . . . . . 1 = Highest , 10 = Lowest
Market Grader |
Intrinsic Value (DCF) |
Intrinsic Value by Discounted Cash Flow Method:
Intrinsic Value (PEG) |
Intrinsic Value by Projected Earnings Growth Method:
Stock Scout |
We find "Scout" to be a bit biased toward the high end, so anything under a 6 is considered a negative, 6 and above, positive.
Projected Earnings |
Research Reports |
Analysts' Opinions |
Insider Activity |
Institutional Activity |
Institutional Orders to Buy or Sell:
Sentiment |
Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.
Short Interest Ratio |
As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.
Stock Report |
Management's Discussion of Results of Operations Excerpts |
Moving Average Chart |
Right Time Study |
Channeling Potential |
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility. Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.
Results for Gulfport Energy Corp.:
Symbol? GPOR
Total Months Available: 140
Months in Cycle? 4
Months Covered by Periods: 12
Period 1 Period 2 Period 3
H1 L1 H2 L2 H3 L3
38.09 20.00 37.49 22.00 37.80 18.72
RANGE = 38.09 TO 18.72 Close = 27.78
CHANNEL = 37.49 TO 22.00 Degree = 8
Volatility = 55.76% Index = 44
Intraday Chart |
2 Days:
Stock Fetcher |
Point & Figure Chart |
Wall Street Analyzer |
Marketspace Chart |
Time Series Forecast |
Neural Network Prediction |
"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."
Ultimate Trading Systems |
The corresponding trades for the above chart are shown in tabular form below.
Recommendation |
| Factors | Weighted Points |
|---|---|
| News | + 1 |
| Comparison | + 1 |
| Industry | - 1 |
| Bond Issue | 0 |
| Zenith Index | + 1 |
| Non-GAAP vs. GAAP Earnings < 1% | - 1 |
| Cash Flow | + 1 |
| Ratios | - 1 |
| Market Grader | + 1 |
| Intrinsic Value DCF | + 1 |
| Intrinsic Value DDM | + 1 |
| Stock Scout | - 1 |
| Projected Earnings | + 1 |
| Research Reports | 0 |
| Analysts | + 1 |
| Executive Perquisites | - 1 |
| Insider Activity | - 1 |
| Institutional Activity | + 1 |
| Management Reporting | + 1 |
| Short Interest | + 1 |
| Sentiment | - 1 |
| Standard & Poor's | - 1 |
| Moving Average | - 1 |
| Right Time Study | + 1 |
| Stock Fetcher | + 1 |
| Point & Figure | - 1 |
| Wall Street Analyzer | + 1 |
| Marketspace Chart | - 1 |
| Time Series Chart | - 1 |
| Neural Network | - 1 |
| Stock Options | + 1 |
| Ultimate Trading Systems | + 1 |
| Total | + 4 |
Place 1,050 shares of Gulfport Energy Corp. (GPOR) on the Active List.
