GMP Securities began coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a report published on Wednesday morning. The brokerage issued a hold rating and a $24.00 price objective on the stock.
GPOR has been the topic of several other research reports. Zacks Investment Research lowered Gulfport Energy Corp. from a strong-buy rating to a hold rating in a research note on Wednesday, September 7th. Vetr raised Gulfport Energy Corp. from a buy rating to a strong-buy rating and set a $35.67 target price on the stock in a research note on Monday, July 11th. Piper Jaffray Cos. started coverage on Gulfport Energy Corp. in a research note on Friday, July 8th. They set an overweight rating and a $40.00 target price on the stock. Jefferies Group raised Gulfport Energy Corp. from an underperform rating to a hold rating in a research note on Friday, August 19th. Finally, Wells Fargo & Co. restated an outperform rating on shares of Gulfport Energy Corp. in a report on Wednesday, July 6th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $35.14.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 28.64 on Wednesday. The firm’s market cap is $3.59 billion. Gulfport Energy Corp. has a one year low of $20.21 and a one year high of $36.12. The firm has a 50-day moving average price of $27.92 and a 200 day moving average price of $29.32.
Gulfport Energy Corp. (NASDAQ:GPOR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a positive return on equity of 1.61% and a negative net margin of 216.29%. On average, analysts forecast that Gulfport Energy Corp. will post $0.65 earnings per share for the current fiscal year.
A number of 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 last quarter. Genesee Valley Trust Co. bought a new position in Gulfport Energy Corp. during the second quarter valued at $209,000. Seven Bridges Advisors LLC bought a new position in Gulfport Energy Corp. during the second quarter valued at $221,000. LS Investment Advisors LLC increased its position in 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. bought a new position in 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.
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