Goldman Sachs Group Inc. Initiates Coverage on Gulfport Energy Corp. (GPOR)
Analysts at Goldman Sachs Group Inc. began coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 61.51 on Tuesday. Gulfport Energy Corp. has a 1-year low of $28.52 and a 1-year high of $64.73. The stock has a 50-day moving average of $58.13 and a 200-day moving average of $51.07. The company has a market cap of $4.770 billion and a P/E ratio of 38.96.
Gulfport Energy Corp. (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Gulfport Energy Corp. will post $0.76 EPS for the current fiscal year.
GPOR has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of Gulfport Energy Corp. (NASDAQ:GPOR) from $70.00 to $75.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Gulfport Energy Corp. (NASDAQ:GPOR) from $62.00 to $73.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, 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.
One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.75.
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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