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The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Gulfport Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Gulfport Energy's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Gulfport Energy was 9. The lowest was 3. And the median was 6.
The historical data trend for Gulfport Energy's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Gulfport Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 5.00 | 5.00 | 6.00 | 9.00 | 6.00 |
Gulfport Energy Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Piotroski F-Score | Get a 7-Day Free Trial | 9.00 | 8.00 | 7.00 | 6.00 | 6.00 |
For the Oil & Gas E&P subindustry, Gulfport Energy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Gulfport Energy's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Gulfport Energy's Piotroski F-Score falls into.
How is the Piotroski F-Score calculated?
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Dec23) TTM: | Last Year (Dec22) TTM: |
Net Income was 523.054 + 93.687 + 608.444 + 245.731 = $1,471 Mil. Cash Flow from Operations was 304.055 + 107.351 + 156.274 + 155.501 = $723 Mil. Revenue was 353.16 + 207.918 + 227.25 + 263.055 = $1,051 Mil. Gross Profit was 166.587 + 111.615 + 132.118 + 165.083 = $575 Mil. Average Total Assets from the begining of this year (Dec22) to the end of this year (Dec23) was (2534.479 + 2527.139 + 2555.724 + 3136.946 + 3267.613) / 5 = $2804.3802 Mil. Total Assets at the begining of this year (Dec22) was $2,534 Mil. Long-Term Debt & Capital Lease Obligation was $669 Mil. Total Current Assets was $397 Mil. Total Current Liabilities was $344 Mil. |
Net Income was -491.975 + 256.58 + -18.472 + 748.568 = $495 Mil. Revenue was 480.735 + 638.205 + 665.997 + 545.922 = $2,331 Mil. Gross Profit was 316.015 + 561.364 + 586.215 + 449.922 = $1,914 Mil. Average Total Assets from the begining of last year (Dec21) to the end of last year (Dec22) was (2168.232 + 2211.52 + 2374.661 + 2499.346 + 2534.479) / 5 = $2357.6476 Mil. Total Assets at the begining of last year (Dec21) was $2,168 Mil. Long-Term Debt & Capital Lease Obligation was $708 Mil. Total Current Assets was $402 Mil. Total Current Liabilities was $793 Mil. |
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Gulfport Energy's current Net Income (TTM) was 1,471.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Gulfport Energy's current Cash Flow from Operations (TTM) was 723.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Score 1 if it's higher, 0 if it's lower.
ROA (This Year) | = | Net Income | / | Total Assets (Dec22) |
= | 1470.916 | / | 2534.479 | |
= | 0.58036228 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec21) |
= | 494.701 | / | 2168.232 | |
= | 0.2281587 |
Gulfport Energy's return on assets of this year was 0.58036228. Gulfport Energy's return on assets of last year was 0.2281587.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
Gulfport Energy's current Net Income (TTM) was 1,471. Gulfport Energy's current Cash Flow from Operations (TTM) was 723.
==> 723 <= 1,471 ==> CFROA <= ROA ==> Score 0.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Gearing (This Year: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 668.722 | / | 2804.3802 | |
= | 0.23845625 |
Gearing (Last Year: Dec22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec21 to Dec22 |
= | 708.454 | / | 2357.6476 | |
= | 0.3004919 |
Gulfport Energy's gearing of this year was 0.23845625. Gulfport Energy's gearing of last year was 0.3004919.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Current Ratio (This Year: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 396.806 | / | 344.454 | |
= | 1.15198546 |
Current Ratio (Last Year: Dec22) | = | Total Current Assets | / | Total Current Liabilities |
= | 402.27 | / | 793.32 | |
= | 0.50707155 |
Gulfport Energy's current ratio of this year was 1.15198546. Gulfport Energy's current ratio of last year was 0.50707155.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Gulfport Energy's number of shares in issue this year was 18.797. Gulfport Energy's number of shares in issue last year was 19.846.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Gross Margin (This Year: TTM) | = | Gross Profit | / | Revenue |
= | 575.403 | / | 1051.383 | |
= | 0.54728201 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 1913.516 | / | 2330.859 | |
= | 0.82094884 |
Gulfport Energy's gross margin of this year was 0.54728201. Gulfport Energy's gross margin of last year was 0.82094884.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Asset Turnover (This Year) | = | Revenue | / | Total Assets at the Beginning of This Year (Dec22) |
= | 1051.383 | / | 2534.479 | |
= | 0.414832 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec21) |
= | 2330.859 | / | 2168.232 | |
= | 1.07500443 |
Gulfport Energy's asset turnover of this year was 0.414832. Gulfport Energy's asset turnover of last year was 1.07500443.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score | = | Que. 1 | + | Que. 2 | + | Que. 3 | + | Que. 4 | + | Que. 5 | + | Que. 6 | + | Que. 7 | + | Que. 8 | + | Que. 9 |
= | 1 | + | 1 | + | 1 | + | 0 | + | 1 | + | 1 | + | 1 | + | 0 | + | 0 | |
= | 6 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Gulfport Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Gulfport Energy (NYSE:GPOR) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Thank you for viewing the detailed overview of Gulfport Energy's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Joseph Martinez | director | 1 TOKENEKE TRAIL, HOUSTON TX 77024 |
Silver Point Capital L.p. | director, 10 percent owner | TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830 |
Patrick K. Craine | officer: General Counsel and Corp. Sec. | 713 MARKET DRIVE, OKLAHOMA CITY OK 73114 |
Michael Sluiter | officer: SVP of Reservoir Engineering | 713 MARKET DRIVE, OKLAHOMA CITY OK 73114 |
Matthew Willrath | officer: VP & CAO | 713 MARKET DRIVE, OKLAHOMA CITY OK 73114 |
Jean Marie Powers | director | 2507 LOCKE LANE, HOUSTON TX 77019 |
Robert J O'shea | 10 percent owner | C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830 |
Edward A Mule | 10 percent owner | C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830 |
Mary Shafer-malicki | director | 757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079 |
Michael L Hodges | officer: EVP & CFO | C/O GULFPORT ENERGY CORP, 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Matthew Rucker | officer: SVP, Operations | 713 MARKET DR, OKLAHOMA CITY OK 73114 |
John K. Reinhart | director, officer: President & CEO | 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Robert John Moses | officer: SVP, Operations & Drilling | 3001 QUAIL SPRINGS PARKWAY, OKLAHOMA CITY OK 73134 |
David A Reganato | director | TWO GREENWICH PLAZA, GREENWICH CT 06830 |
William J Buese | officer: Chief Financial Officer | 3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134 |
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