Gulfport Energy Corporation (GPOR) Receives $24.83 Consensus Price Target from Brokerages
Shares of Gulfport Energy Corporation (NASDAQ:GPOR) have received an average recommendation of “Buy” from the twenty-nine research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.86.
GPOR has been the subject of several research analyst reports. Piper Jaffray Companies reissued an “overweight” rating and set a $21.00 price objective (down previously from $22.00) on shares of Gulfport Energy Corporation in a research note on Tuesday, August 22nd. ValuEngine lowered Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Williams Capital set a $21.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Imperial Capital initiated coverage on Gulfport Energy Corporation in a research note on Tuesday, September 19th. They set an “outperform” rating and a $19.00 price target for the company.
Shares of Gulfport Energy Corporation (GPOR) traded down 0.35% during trading on Wednesday, reaching $14.34. The company’s stock had a trading volume of 1,801,284 shares. The stock’s 50-day moving average is $12.27 and its 200-day moving average is $14.51. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $30.47. The stock’s market cap is $2.62 billion.
Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The company had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The firm’s quarterly revenue was up 1052.7% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. Equities research analysts anticipate that Gulfport Energy Corporation will post $1.40 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. Fondren Management LP purchased a new position in Gulfport Energy Corporation during the 2nd quarter valued at about $295,000. Energy Opportunities Capital Management LLC increased its holdings in Gulfport Energy Corporation by 0.9% during the 2nd 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 purchasing an additional 2,250 shares during the period. Sterling Capital Management LLC purchased a new position in Gulfport Energy Corporation during the 2nd quarter valued at about $2,519,000. Wafra Investment Advisory Group Inc. NY increased its holdings in Gulfport Energy Corporation by 1.9% during the 2nd 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 purchasing an additional 17,082 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Gulfport Energy Corporation by 1.9% during the 2nd 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 purchasing an additional 4,386 shares during the period. Institutional investors own 86.65% 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.
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