Gulfport Energy Co. (NASDAQ:GPOR)‘s stock had its “buy” rating reiterated by equities research analysts at Williams Capital in a research report issued to clients and investors on Wednesday. They presently have a $28.00 price target on the oil and gas producer’s stock. Williams Capital’s target price suggests a potential upside of 72.63% from the company’s previous close.
Several other brokerages have also recently issued reports on GPOR. Credit Suisse Group AG reduced their target price on shares of Gulfport Energy to $33.00 in a report on Friday, December 23rd. SunTrust Banks, Inc. set a $32.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Sunday, December 25th. Canaccord Genuity set a $33.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, December 20th. Mizuho reissued a “buy” rating and set a $32.00 target price (down previously from $36.00) on shares of Gulfport Energy in a report on Wednesday, December 28th. Finally, Zacks Investment Research cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $30.35.
Gulfport Energy (NASDAQ:GPOR) traded up 3.58% during trading on Wednesday, reaching $16.22. The company had a trading volume of 4,127,091 shares. The stock’s market capitalization is $2.58 billion. The stock has a 50 day moving average of $16.77 and a 200-day moving average of $21.94. Gulfport Energy has a 12-month low of $15.31 and a 12-month high of $34.67.
Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Monday, February 13th. The oil and gas producer reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The business had revenue of $202.70 million for the quarter, compared to analysts’ expectations of $197.91 million. During the same period last year, the business earned ($0.01) EPS. The company’s revenue for the quarter was down 66.7% on a year-over-year basis. On average, analysts forecast that Gulfport Energy will post $1.03 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in Gulfport Energy by 816.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,611 shares of the oil and gas producer’s stock worth $102,000 after buying an additional 3,217 shares during the last quarter. Elkfork Partners LLC acquired a new position in Gulfport Energy during the fourth quarter worth $104,000. M&T Bank Corp acquired a new position in Gulfport Energy during the third quarter worth $210,000. SECOR Capital Advisors LP acquired a new position in Gulfport Energy during the third quarter worth $216,000. Finally, LS Investment Advisors LLC raised its position in Gulfport Energy by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,986 shares of the oil and gas producer’s stock worth $226,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.
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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