Gulfport Energy Corp. Now Covered by Northland Securities (GPOR)
Northland Securities began coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $36.00 price target on the stock. Northland Securities’ price target points to a potential downside of 42.63% from the stock’s previous close.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded down 0.22% on Wednesday, hitting $62.752. The stock had a trading volume of 797,374 shares. Gulfport Energy Corp. has a 52-week low of $28.94 and a 52-week high of $64.73. The stock’s 50-day moving average is $58.50 and its 200-day moving average is $51.30. The company has a market cap of $4.866 billion and a P/E ratio of 39.83.
Gulfport Energy Corp. (NASDAQ:GPOR) last released its 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. On average, analysts predict that Gulfport Energy Corp. will post $0.76 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GPOR. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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.
One investment analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Gulfport Energy Corp. currently has an average rating of “Buy” and an average price target of $69.92.
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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