Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Gulfport Energy Corporation    GPOR

GULFPORT ENERGY CORPORATION (GPOR)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Gulfport Energy : Mammoth Extends Contract with Gulfport Energy for Pressure Pumping Services

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2018 | 11:30pm CEST

OKLAHOMA CITY, July 12, 2018 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth”) (NASDAQ:TUSK) today announced that its wholly owned subsidiary, Stingray Pressure Pumping, LLC (“Stingray”), and Gulfport Energy Corporation (“Gulfport”) (NASDAQ:GPOR) have extended the term of their existing contract under which Stingray provides pressure pumping (“frac”) services to Gulfport to December 31, 2021 - an additional 39 months beyond the original September 30, 2018 termination date.  The service area of the contract was also expanded to include both Ohio and Oklahoma and certain suspension rights were included. 

Arty Straehla, Mammoth's Chief Executive Officer, stated, “We are very happy to extend our pressure pumping contract with Gulfport. Since the formation of our pressure pumping division in 2012, both Stingray and Gulfport have worked hard to increase efficiencies, which has significantly benefited both parties.  We look forward to continuing this relationship for years to come.”

About Mammoth Energy Services, Inc.

Mammoth is an integrated, growth-oriented energy service company serving (i) companies engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves and (ii) government-funded utilities, private utilities, public investor-owned utilities and co‑operative utilities through its energy infrastructure services division. Mammoth’s suite of services and products include: pressure pumping services, infrastructure services, natural sand and proppant services, contract land and directional drilling services and other services.

Investor Contact:
Don Crist – Director of Investor Relations
[email protected]
(405) 608-6048

Media Contact:
Peter Mirijanian
[email protected]
(202) 464-8803

Forward-Looking Statements and Cautionary Statements

This news release (and any oral statements made regarding the subjects of this release) contains certain statements and information that include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts that address activities, events or developments that Mammoth expects, believes or anticipates will or may occur in the future are forward-looking statements. The words “anticipate,” “believe,” “ensure,” “expect,” “if,” “intend,” “plan,” “estimate,” “project,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,” “should,” “potential,” “would,” “may,” “probable,” “likely” and similar expressions, and the negative thereof, are intended to identify forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this news release may include statements, estimates and projections regarding Mammoth’s business outlook and plans, future financial position, liquidity and capital resources, operations, performance, including under Cobra’s utility infrastructure restoration and reconstruction contracts in Puerto Rico, acquisitions, capital expenditure budgets, costs and other guidance regarding future developments. Forward-looking statements are not assurances of future performance. These forward-looking statements are based on management’s current expectations and beliefs, forecasts for Mammoth’s existing operations, experience and perception of historical trends, current conditions, anticipated future developments and their effect on Mammoth, and other factors believed to be appropriate. Although management believes that the expectations and assumptions reflected in these forward-looking statements are reasonable as and when made, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all). Moreover, these forward-looking statements are subject to significant risks and uncertainties, including those described in Mammoth’s Annual Report on Form 10-K, Quarterly Reports on Form 10‑Q, Current Reports on Form 8‑K and other filings Mammoth makes with the Securities and Exchange Commission, which may cause actual results to differ materially from its historical experience and present expectations or projections which are implied or expressed by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the failure to receive or delays in receiving governmental authorizations,  approvals and/or payments; risks relating to economic conditions;  delays in or failure of delivery of current or future orders of specialized equipment; the loss of or interruption in operations of one or more key suppliers or customers; the effects of government regulation, permitting and other legal requirements; operating risks; the adequacy of our capital resources and liquidity; weather; natural disasters; litigation; competition in the oil and natural gas and infrastructure industries; and costs and availability of resources.

Investors are cautioned not to place undue reliance on any forward-looking statement which speaks only as of the date on which such statement is made. Mammoth undertakes no obligation to correct, revise or update any forward‑looking statement after the date such statement is made, whether as a result of new information, future events or otherwise, except as required by applicable law.

Primary Logo

Source: Mammoth Energy Services, Inc.

2018 GlobeNewswire, Inc., source Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
GULFPORT ENERGY CORPORATION -0.59% 11.86 Delayed Quote.-7.05%
MAMMOTH ENERGY SERVICES INC 1.28% 37.32 Delayed Quote.90.12%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GULFPORT ENERGY CORPORATIO
07/16Gulfport Energy Corporation Provides Second Quarter 2018 Production and Prici..
GL
07/13GULFPORT ENERGY CORP : Entry into a Material Definitive Agreement (form 8-K)
AQ
07/13MAMMOTH ENERGY SERVICES : Extends Contract with Gulfport Energy for Pressure Pum..
AQ
07/12GULFPORT ENERGY : Mammoth Extends Contract with Gulfport Energy for Pressure Pum..
AQ
06/20GULFPORT ENERGY : updates SCOOP Woodford well results
AQ
06/19Gulfport Energy Corporation Provides Operational Update
GL
06/08GULFPORT ENERGY CORPORATION : Free Pre-Market Technical Pulse on Marathon Oil an..
AC
05/31GULFPORT ENERGY CORP : Submission of Matters to a Vote of Security Holders (form..
AQ
05/30GULFPORT ENERGY CORPORATION : Gulfport Energy Reporting Q1 results, Analyst Revi..
AC
05/25GULFPORT ENERGY CORP : Entry into a Material Definitive Agreement, Creation of a..
AQ
More news
News from SeekingAlpha
07/16Gulfport Energy says Q2 net production jumped 28% Y/Y 
07/13Mammoth extends contract with Gulfport Energy for pressure pumping services 
06/26GULFPORT ENERGY : Special Situation Conviction Strong Buy 
05/31Top 10 Market Movers With Insider Buying As Of May 29, 2018 
05/24Natural Gas Stocks To Own For 2018-2019 
Financials ($)
Sales 2018 1 362 M
EBIT 2018 440 M
Net income 2018 277 M
Debt 2018 2 058 M
Yield 2018 -
P/E ratio 2018 7,39
P/E ratio 2019 9,13
EV / Sales 2018 3,03x
EV / Sales 2019 2,93x
Capitalization 2 072 M
Chart GULFPORT ENERGY CORPORATIO
Duration : Period :
Gulfport Energy Corporatio Technical Analysis Chart | GPOR | US4026353049 | 4-Traders
Technical analysis trends GULFPORT ENERGY CORPORATIO
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 14,9 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Michael G. Moore President, Chief Executive Officer & Director
David L. Houston Chairman
Donnie Moore Chief Operating Officer
Keri Crowell CFO & Principal Accounting Officer
Scott E. Streller Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GULFPORT ENERGY CORPORATION-7.05%2 072
CONOCOPHILLIPS27.55%82 314
EOG RESOURCES13.38%71 536
CNOOC LTD9.80%69 283
OCCIDENTAL PETROLEUM CORPORATION12.79%63 528
CANADIAN NATURAL RESOURCES LIMITED4.47%43 655