Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Rating Action: Moody's downgrades Gulfport Energy Corporation's PDR to D-PD on bankruptcy filing. Global Credit Research- 17 Nov 2020. New York, November 17, 2020-- Moody's Investors Service, downgraded Gulfport Energy Corporation's Probability of Default Rating to D-PD from Ca-PD.
Gulfport Receives Court Approval of First-Day Motions to Support Ongoing Operations Provides Interim Access to $90 Million in Debtor-in-Possession Financing Company to Pay Employee Wages and Benefits, Royalty Owners, and Others in Ordinary Course OKLAHOMA CITY, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport”) today announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) granted approval of all Gulfport’s “first day” motions, authorizing, among other things, Gulfport to continue paying royalties, employee...
Gulfport Enters Into Restructuring Support Agreement for Pre-Arranged Plan of Reorganization to Reduce Debt by Approximately $1.25 Billion and Significantly Improve its Cost Structure Commences Voluntary Chapter 11 Process to Implement Financial RestructuringObtains Commitment for $105 Million in New Money Debtor-In-Possession Financing to Support Continued Ordinary Course Operations, Including Payments for Wages and Benefits, Vendors and Suppliers OKLAHOMA CITY, Nov. 14, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (the “Company” and together with its wholly own...
Rating Action: Moody's downgrades Gulfport notes to Ca. Global Credit Research- 16 Oct 2020. New York, October 16, 2020-- Moody's Investors Service, downgraded Gulfport Energy Corporation's Corporate Family Rating to Caa3 from Caa1, Probability of Default Rating to Ca-PD from Caa1-PD and senior unsecured notes to Ca from Caa2.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gulfport Energy Corporation. Global Credit Research- 14 Sep 2020. New York, September 14, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Gulfport Energy Corporation and other ratings that are associated with the same analytical unit.
Gulfport Energy Corporation Reports Second Quarter 2020 Financial and Operating Results OKLAHOMA CITY, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today reported financial and operational results for the three months and six months ended June 30, 2020 and provided an update on its 2020 activities. Key highlights are as follows: Continued improvement in well costs with Utica Shale and SCOOP total costs per lateral foot for the six-month period declining by 18% and 31%, respectively, versus full year 2019 levelsReported net lo...
The independent financial analyst theScreener just lowered the general evaluation of GULFPORT ENERGY (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date July 31, 2020, the closing price was USD 1.01 and its targ...
Gulfport Energy Corporation Schedules Second Quarter 2020 Financial and Operational Results Conference Call OKLAHOMA CITY, July 24, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) announced the date and time of its conference call to discuss financial and operational results for the second quarter of 2020. Gulfport will hold its second quarter 2020 earnings conference call on Wednesday, August 5, 2020 at 9:00 a.m. Central Time. Gulfport's second quarter 2020 earnings are scheduled to be released after the market close on Tuesday, August 4...
Gulfport Energy Corporation Announces that 2020 Annual Meeting will be Held Virtually OKLAHOMA CITY, July 06, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today announced that, due to the public health impact of the coronavirus (COVID-19) pandemic, related governmental actions and the importance of safeguarding the health of its stockholders, employees and directors, the Company will hold its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) solely by means of remote communication (i.e., a virtual-only meeting). Stockholders wi...
Gulfport Energy Corporation Announces Update to its 2020 Operational and Financial Guidance and Provides Update on Cost Saving Initiatives OKLAHOMA CITY, June 02, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today announced an update to its 2020 operational and financial guidance and provided an update on the Company’s ongoing cost savings initiatives. Key highlights are as follows: Optimized production profile to take advantage of higher commodity price environment in late 2020 and 2021New forecasted 2020 full year net production to a...
Gulfport Energy Corporation Reports First Quarter 2020 Financial and Operating Results OKLAHOMA CITY, May 07, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today reported financial and operational results for the three-months ended March 31, 2020 and provided an update on its 2020 activities. Key highlights are as follows: Reduced total long-term debt by approximately $79.6 million as of March 31, 2020 when compared to December 31, 2019 primarily through discounted bond repurchasesImproved drilling efficiencies as measured by spud to t...
Gulfport Adopts Tax Benefits Preservation Plan to Protect NOL Tax Assets OKLAHOMA CITY, April 30, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport”), today announced that its Board of Directors (the “Board”) has unanimously adopted a tax benefits preservation plan (the “Tax Benefits Preservation Plan”) to protect the ability of Gulfport to use its tax net operating losses (“NOLs”) under Section 382 of the Internal Revenue Code (the “Code”) to reduce its future tax liabilities. As of December 31, 2019, Gulfport had approximately $1.3 billion of federal NOLs a...
Gulfport Energy Corporation Schedules First Quarter 2020 Financial and Operational Results Conference Call OKLAHOMA CITY, April 28, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today scheduled its first quarter 2020 financial and operational results conference call. Gulfport will hold its first quarter 2020 earnings conference call on Friday, May 8, 2020 at 9:00 a.m. Central Time. Gulfport's first quarter 2020 earnings are scheduled to be released after the market close on Thursday, May 7, 2020. Interested parties may listen to the ca...
Rating Action: Moody's downgrades Gulfport's notes to Caa2. Global Credit Research- 02 Mar 2020. New York, March 02, 2020-- Moody's Investors Service, downgraded Gulfport Energy Corporation's Corporate Family Rating to Caa1 from B2, Probability of Default Rating to Caa1-PD from B2-PD and senior unsecured notes to Caa2 from B3.
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