A number of other research firms have also recently issued reports on GPOR. Canaccord Genuity set a $33.00 price objective on Gulfport Energy and gave the company a buy rating in a research report on Thursday, January 12th. Jefferies Group LLC restated a buy rating and set a $22.00 price objective on shares of Gulfport Energy in a research report on Wednesday, March 22nd. Deutsche Bank AG lowered their price objective on Gulfport Energy from $27.00 to $24.00 and set a hold rating on the stock in a research report on Tuesday, March 7th. Scotiabank set a $31.00 price objective on Gulfport Energy and gave the company a buy rating in a research report on Monday, March 20th. Finally, Mizuho restated a buy rating and set a $32.00 price objective (down from $36.00) on shares of Gulfport Energy in a research report on Wednesday, December 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $30.92.
Gulfport Energy (NASDAQ:GPOR) opened at 16.55 on Thursday. Gulfport Energy has a one year low of $15.66 and a one year high of $34.67. The firm’s market capitalization is $2.63 billion. The stock’s 50 day moving average price is $18.04 and its 200-day moving average price is $23.27.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The business earned $202.70 million during the quarter, compared to the consensus estimate of $197.91 million. The business’s quarterly revenue was down 66.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share. On average, equities research analysts anticipate that Gulfport Energy will post $1.06 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Boston Partners raised its position in shares of Gulfport Energy by 4,517.3% in the third quarter. Boston Partners now owns 12,808,323 shares of the company’s stock valued at $361,835,000 after buying an additional 12,530,923 shares during the period. State Street Corp raised its position in shares of Gulfport Energy by 7.0% in the fourth quarter. State Street Corp now owns 5,074,543 shares of the company’s stock valued at $109,808,000 after buying an additional 330,787 shares during the period. BlackRock Fund Advisors raised its position in shares of Gulfport Energy by 3.9% in the third quarter. BlackRock Fund Advisors now owns 4,805,659 shares of the company’s stock valued at $135,760,000 after buying an additional 180,274 shares during the period. BlackRock Advisors LLC raised its position in shares of Gulfport Energy by 0.4% in the third quarter. BlackRock Advisors LLC now owns 3,642,804 shares of the company’s stock valued at $102,909,000 after buying an additional 13,429 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Gulfport Energy by 31.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,039,977 shares of the company’s stock valued at $85,879,000 after buying an additional 719,571 shares during the period. 85.13% of the stock is currently owned by institutional investors.
Gulfport Energy 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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