Zacks Investment Research upgraded shares of Gulfport Energy Corp. (NASDAQ:GPOR) from a hold rating to a buy rating in a report issued on Tuesday. The firm currently has $33.00 price target on the stock.

According to Zacks, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential. “

Several other brokerages have also issued reports on GPOR. KLR Group lowered shares of Gulfport Energy Corp. from a buy rating to an accumulate rating and set a $34.00 target price for the company. in a research report on Monday, June 13th. Deutsche Bank AG lowered shares of Gulfport Energy Corp. from a buy rating to a hold rating and cut their target price for the company from $37.00 to $33.00 in a research report on Monday, June 13th. Wunderlich boosted their target price on shares of Gulfport Energy Corp. from $35.00 to $40.00 and gave the company a buy rating in a research report on Monday, June 27th. Vetr upgraded shares of Gulfport Energy Corp. from a buy rating to a strong-buy rating and set a $35.67 price target for the company in a research report on Monday, July 11th. Finally, Wells Fargo & Co. reiterated an outperform rating on shares of Gulfport Energy Corp. in a research report on Wednesday, July 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $34.81.

Analyst Recommendations for Gulfport Energy Corp. (NASDAQ:GPOR)

Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 29.82 on Tuesday. The company’s 50 day moving average is $28.35 and its 200-day moving average is $29.34. The stock’s market capitalization is $3.74 billion. Gulfport Energy Corp. has a 52 week low of $20.21 and a 52 week high of $36.12.

Gulfport Energy Corp. (NASDAQ:GPOR) last announced its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 1.61%. On average, equities analysts predict that Gulfport Energy Corp. will post $0.65 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of Gulfport Energy Corp. by 47.9% in the first quarter. Aperio Group LLC now owns 33,765 shares of the company’s stock valued at $957,000 after buying an additional 10,936 shares during the last quarter. Virginia Retirement System bought a new position in shares of Gulfport Energy Corp. during the first quarter valued at approximately $490,000. TIAA CREF Investment Management LLC raised its position in shares of Gulfport Energy Corp. by 37.2% in the first quarter. TIAA CREF Investment Management LLC now owns 317,974 shares of the company’s stock valued at $9,011,000 after buying an additional 86,258 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Gulfport Energy Corp. by 28.8% in the first quarter. Teachers Advisors Inc. now owns 112,099 shares of the company’s stock valued at $3,177,000 after buying an additional 25,073 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Gulfport Energy Corp. by 75.6% in the first quarter. BlackRock Inc. now owns 111,396 shares of the company’s stock valued at $3,157,000 after buying an additional 47,943 shares during the last quarter.

About Gulfport Energy Corp.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.

5 Day Chart for NASDAQ:GPOR

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