Vetr downgraded shares of Gulfport Energy Corp. (NASDAQ:GPOR) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday. They currently have $30.00 price target on the stock.
Several other research analysts have also commented on the stock. Barclays PLC raised their price objective 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. GMP Securities initiated coverage on shares of Gulfport Energy Corp. in a research note on Wednesday, September 28th. They issued a hold rating and a $24.00 price objective for the company. KeyCorp lowered their price objective on shares of Gulfport Energy Corp. from $40.00 to $35.00 and set an overweight rating for the company in a research note on Monday, August 22nd. Jefferies Group raised shares of Gulfport Energy Corp. from an underperform rating to a hold rating in a research note on Friday, August 19th. Finally, Wells Fargo & Co. reaffirmed an outperform rating on shares of Gulfport Energy Corp. in a report on Wednesday, July 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Gulfport Energy Corp. presently has an average rating of Buy and an average price target of $34.81.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 29.82 on Thursday. The firm’s 50-day moving average is $28.35 and its 200 day moving average is $29.34. Gulfport Energy Corp. has a 52-week low of $20.21 and a 52-week high of $36.12. The stock’s market cap is $3.74 billion.
Gulfport Energy Corp. (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 1.61%. Analysts forecast that Gulfport Energy Corp. will post $0.65 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC increased its position in Gulfport Energy Corp. by 7.5% in the second quarter. IndexIQ Advisors LLC now owns 4,901 shares of the company’s stock valued at $153,000 after buying an additional 344 shares during the period. Genesee Valley Trust Co. purchased a new position in shares of Gulfport Energy Corp. during the second quarter valued at $209,000. Seven Bridges Advisors LLC purchased a new position in shares of Gulfport Energy Corp. during the second quarter valued at $221,000. LS Investment Advisors LLC increased its position in shares of Gulfport Energy Corp. by 77.6% in the second quarter. LS Investment Advisors LLC now owns 7,556 shares of the company’s stock valued at $236,000 after buying an additional 3,301 shares during the last quarter. Finally, Connable Office Inc. purchased a new position in shares of Gulfport Energy Corp. during the second quarter valued at $244,000.
About Gulfport Energy Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
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