Shares of Gulfport Energy Corporation (NASDAQ:GPOR) rose 7.7% on Tuesday . The company traded as high as $14.37 and last traded at $14.35. Approximately 5,296,175 shares traded hands during trading, an increase of 81% from the average daily volume of 2,930,000 shares. The stock had previously closed at $13.33.

GPOR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, July 12th. BidaskClub cut shares of Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. J P Morgan Chase & Co cut shares of Gulfport Energy Corporation from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $17.00 in a report on Thursday, July 20th. 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 Monday, July 31st. Finally, Stifel Nicolaus reduced their target price on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.83.

The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2,620.00, a PE ratio of 10.18, a P/E/G ratio of 0.31 and a beta of 0.69.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Gulfport Energy Corporation had a return on equity of 7.99% and a net margin of 3.88%. The company had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. During the same quarter in the previous year, the company earned $0.16 EPS. The firm’s quarterly revenue was up 37.1% compared to the same quarter last year. research analysts anticipate that Gulfport Energy Corporation will post 1.41 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Gulfport Energy Corporation by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 712 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Gulfport Energy Corporation by 76.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 4,153 shares in the last quarter. World Asset Management Inc purchased a new stake in Gulfport Energy Corporation in the 2nd quarter worth approximately $150,000. LS Investment Advisors LLC lifted its position in Gulfport Energy Corporation by 25.1% in the 2nd quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 2,584 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Gulfport Energy Corporation by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 520 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

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About Gulfport Energy Corporation

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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