Gulfport Energy Corp.’s “Buy” Rating Reaffirmed at Wunderlich (GPOR)
Gulfport Energy Corp. (NASDAQ:GPOR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Wunderlich in a research note issued to investors on Thursday, Analyst Ratings Network.com reports. They currently have a $85.00 price objective on the stock. Wunderlich’s price target would indicate a potential upside of 31.26% from the stock’s previous close.
Gulfport Energy Corp. (NASDAQ:GPOR) traded down 1.36% on Thursday, hitting $64.758. 13,023,725 shares of the company’s stock traded hands. Gulfport Energy Corp. has a 52 week low of $30.32 and a 52 week high of $69.81. The stock has a 50-day moving average of $63.58 and a 200-day moving average of $53.65. The company has a market cap of $5.022 billion and a price-to-earnings ratio of 41.58.
Gulfport Energy Corp. (NASDAQ:GPOR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters 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 $0.68 EPS for the current fiscal year.
GPOR has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Gulfport Energy Corp. from $63.00 to $65.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Gulfport Energy Corp. from $80.00 to $86.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Finally, analysts at Northland Capital Partners initiated coverage on shares of Gulfport Energy Corp. in a research note to investors on Thursday, September 26th. They set an “outperform” rating and a $74.00 price target on the stock. One investment 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’s stock. The company presently has an average rating of “Buy” and a consensus price target of $72.67.
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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