Gulfport Energy Corp. Coverage Initiated at Northland Capital Partners (GPOR)
Stock analysts at Northland Capital Partners started coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a report issued on Thursday, Stock Ratings Network.com reports. The firm set an “outperform” rating and a $74.00 price target on the stock. Northland Capital Partners’ target price suggests a potential upside of 16.26% from the company’s current price.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded up 1.43% on Thursday, hitting $63.65. The stock had a trading volume of 621,303 shares. Gulfport Energy Corp. has a 1-year low of $28.94 and a 1-year high of $64.73. The stock’s 50-day moving average is $58.8 and its 200-day moving average is $51.39. The company has a market cap of $4.936 billion and a price-to-earnings ratio of 39.74.
Gulfport Energy Corp. (NASDAQ:GPOR) last announced its earnings results 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 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. On average, analysts predict that Gulfport Energy Corp. will post $0.75 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GPOR. Analysts at Northland Securities initiated coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research note to investors on Wednesday. They set an “outperform” rating and a $36.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Gulfport Energy Corp. currently has an average rating of “Buy” and an average price target of $70.21.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.