Gulfport Energy Corporation (NASDAQ:GPOR) has been given a $20.00 target price by stock analysts at Jefferies Group LLC in a report issued on Tuesday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Jefferies Group LLC’s price target points to a potential upside of 63.53% from the company’s current price. Jefferies Group also issued estimates for Gulfport Energy Corporation’s Q1 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.21 EPS.

A number of other equities analysts have also recently issued reports on GPOR. BidaskClub raised shares of Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus cut their target price on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 14th. Piper Jaffray Companies reissued an “overweight” rating and issued a $21.00 target price (down previously from $22.00) on shares of Gulfport Energy Corporation in a report on Tuesday, August 22nd. Finally, Zacks Investment Research cut shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.14.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at 12.23 on Tuesday. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $30.47. The firm’s market capitalization is $2.24 billion. The firm has a 50-day moving average of $12.66 and a 200-day moving average of $15.30.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter last year, the company posted $0.24 earnings per share. Gulfport Energy Corporation’s revenue was up 1052.7% on a year-over-year basis. On average, equities research analysts forecast that Gulfport Energy Corporation will post $1.43 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Energy Opportunities Capital Management LLC raised its position in Gulfport Energy Corporation by 0.9% in the second quarter. Energy Opportunities Capital Management LLC now owns 251,230 shares of the oil and gas producer’s stock valued at $3,706,000 after buying an additional 2,250 shares during the period. Sterling Capital Management LLC acquired a new position in Gulfport Energy Corporation during the second quarter valued at about $2,519,000. Wafra Investment Advisory Group Inc. NY raised its position in Gulfport Energy Corporation by 1.9% in the second quarter. Wafra Investment Advisory Group Inc. NY now owns 904,076 shares of the oil and gas producer’s stock valued at $13,335,000 after buying an additional 17,082 shares during the period. The Manufacturers Life Insurance Company raised its position in Gulfport Energy Corporation by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 234,703 shares of the oil and gas producer’s stock valued at $3,462,000 after buying an additional 4,386 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Gulfport Energy Corporation by 28,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 14,400 shares of the oil and gas producer’s stock valued at $212,000 after buying an additional 14,350 shares during the period. Institutional investors and hedge funds own 86.78% of the company’s stock.

Gulfport Energy Corporation Company Profile

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

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