Gulfport Energy Corporation (NASDAQ:GPOR)’s share price gapped down before the market opened on Friday . The stock had previously closed at $15.42, but opened at $14.99. Gulfport Energy Corporation shares last traded at $14.38, with a volume of 2,099,351 shares.

GPOR has been the topic of a number of analyst reports. BidaskClub downgraded Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reduced their price target on Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, August 14th. Scotiabank reissued a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a research report on Friday, June 30th. Zacks Investment Research raised Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, July 12th. Finally, Williams Capital set a $21.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.09.

The company’s market capitalization is $2.63 billion. The stock has a 50-day moving average of $13.19 and a 200 day moving average of $14.33.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. During the same period in the prior year, the business posted $0.24 earnings per share. The company’s revenue was up 1052.7% on a year-over-year basis. On average, equities research analysts anticipate that Gulfport Energy Corporation will post $1.39 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Gulfport Energy Corporation by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 712 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Gulfport Energy Corporation by 76.9% during the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock valued at $141,000 after acquiring an additional 4,153 shares during the last quarter. World Asset Management Inc bought a new position in shares of Gulfport Energy Corporation during the second quarter valued at about $150,000. LS Investment Advisors LLC raised its stake in shares of Gulfport Energy Corporation by 25.1% during the second quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after acquiring an additional 2,584 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Gulfport Energy Corporation by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after acquiring an additional 520 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

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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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