Gulfport Energy Corp. PT Raised to $73.00 at Global Hunter Securities (GPOR)
Equities research analysts at Global Hunter Securities hoisted their price target on shares of Gulfport Energy Corp. (NASDAQ:GPOR) from $62.00 to $73.00 in a research note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Global Hunter Securities’ price objective points to a potential upside of 14.91% from the stock’s previous close.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded down 0.52% during mid-day trading on Tuesday, hitting $63.53. 3,094,899 shares of the company’s stock traded hands. Gulfport Energy Corp. has a 52 week low of $27.70 and a 52 week high of $64.73. The stock has a 50-day moving average of $55.38 and a 200-day moving average of $49.39. The company has a market cap of $4.927 billion and a P/E ratio of 40.44.
Gulfport Energy Corp. (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.42. The company had revenue of $70.43 million for the quarter, compared to the consensus estimate of $66.12 million. During the same quarter last year, the company posted $0.45 earnings per share. Gulfport Energy Corp.’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Gulfport Energy Corp. will post $0.78 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on GPOR. Analysts at Barclays Capital initiated coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research note to investors on Wednesday, September 4th. They set an “overweight” rating and a $71.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research note to investors on Wednesday, September 4th. They set an “outperform” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Gulfport Energy Corp. (NASDAQ:GPOR) from $90.00 to $95.00 in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $72.33.
Gulfport Energy Corporation (NASDAQ:GPOR) is an independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast in the West Cote Blanche Bay, or WCBB, and Hackberry fields, and in West Texas in the Permian Basin.
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