Credit Suisse Group AG Reaffirms “Buy” Rating for Gulfport Energy Corp. (GPOR)
Credit Suisse Group AG reaffirmed their buy rating on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a report released on Friday. Credit Suisse Group AG currently has a $37.00 price target on the stock.
Several other research analysts also recently weighed in on the stock. Barclays PLC upped their target price on shares of Gulfport Energy Corp. from $33.00 to $37.00 and gave the company an overweight rating in a research note on Friday, August 5th. Goldman Sachs Group Inc. upgraded shares of Gulfport Energy Corp. from a neutral rating to a buy rating and set a $35.00 target price for the company in a research note on Tuesday, October 18th. GMP Securities initiated coverage on shares of Gulfport Energy Corp. in a report on Wednesday, September 28th. They issued a hold rating and a $24.00 price target on the stock. KeyCorp cut their price target on shares of Gulfport Energy Corp. from $40.00 to $35.00 and set an overweight rating on the stock in a report on Monday, August 22nd. Finally, Jefferies Group raised shares of Gulfport Energy Corp. from an underperform rating to a hold rating in a report on Friday, August 19th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Gulfport Energy Corp. has a consensus rating of Buy and an average price target of $34.54.
Gulfport Energy Corp. (NASDAQ:GPOR) opened at 25.39 on Friday. The stock’s market capitalization is $3.19 billion. Gulfport Energy Corp. has a 12 month low of $20.21 and a 12 month high of $34.67. The firm’s 50-day moving average is $26.33 and its 200 day moving average is $28.71.
Gulfport Energy Corp. (NASDAQ:GPOR) last announced its earnings results on Wednesday, November 2nd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. The business earned $193.70 million during the quarter, compared to the consensus estimate of $170.57 million. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 3.30%. The business’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities analysts anticipate that Gulfport Energy Corp. will post $0.73 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Prudential Financial Inc. boosted its position in Gulfport Energy Corp. by 3.5% in the second quarter. Prudential Financial Inc. now owns 74,353 shares of the company’s stock worth $2,324,000 after buying an additional 2,500 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Gulfport Energy Corp. by 30.8% in the second quarter. Retirement Systems of Alabama now owns 466,184 shares of the company’s stock worth $14,573,000 after buying an additional 109,749 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Gulfport Energy Corp. by 19.8% in the second quarter. Wedge Capital Management L L P NC now owns 431,937 shares of the company’s stock worth $13,502,000 after buying an additional 71,497 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Gulfport Energy Corp. by 60.9% in the first quarter. Squarepoint Ops LLC now owns 34,429 shares of the company’s stock worth $976,000 after buying an additional 13,031 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Gulfport Energy Corp. during the first quarter worth approximately $17,713,000.
Gulfport Energy Corp. Company Profile
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.
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