BidaskClub upgraded shares of Gulfport Energy Corporation (NASDAQ:GPOR) from a sell rating to a hold rating in a research report released on Saturday.
Several other equities research analysts have also recently commented on GPOR. Pacific Crest reissued an overweight rating and set a $28.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday. Piper Jaffray Companies reissued an overweight rating on shares of Gulfport Energy Corporation in a report on Wednesday. Stifel Nicolaus dropped their target price on Gulfport Energy Corporation from $26.00 to $21.00 and set a buy rating on the stock in a report on Wednesday, May 31st. Iberia Capital reissued an outperform rating and set a $26.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, May 31st. Finally, Williams Capital reissued a buy rating and set a $28.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $28.88.
Gulfport Energy Corporation (NASDAQ GPOR) traded up 5.26% during trading on Friday, reaching $14.20. The company had a trading volume of 5,346,591 shares. The firm’s market capitalization is $2.60 billion. The company has a 50-day moving average of $14.85 and a 200-day moving average of $18.45. Gulfport Energy Corporation has a 52-week low of $12.47 and a 52-week high of $34.13.
Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.14. The firm had revenue of $333 million for the quarter, compared to the consensus estimate of $224.93 million. During the same period in the previous year, the firm earned $0.14 EPS. Gulfport Energy Corporation’s revenue for the quarter was up 112.2% on a year-over-year basis. Analysts expect that Gulfport Energy Corporation will post $1.38 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Gulfport Energy Corporation by 13,258.8% in the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares in the last quarter. Snow Capital Management LP purchased a new position in Gulfport Energy Corporation during the first quarter worth $54,535,000. Point72 Asset Management L.P. purchased a new position in Gulfport Energy Corporation during the first quarter worth $41,689,000. State Street Corp raised its position in Gulfport Energy Corporation by 27.4% in the first quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock worth $111,114,000 after buying an additional 1,389,369 shares in the last quarter. Finally, Norges Bank purchased a new position in Gulfport Energy Corporation during the fourth quarter worth $25,441,000. Hedge funds and other institutional investors own 88.32% of the company’s stock.
Gulfport Energy Corporation 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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