Gulfport Energy Corp. Price Target Increased to $78.00 by Analysts at Global Hunter Securities (GPOR)
Analysts at Global Hunter Securities raised their price objective on shares of Gulfport Energy Corp. (NASDAQ:GPOR) from $73.00 to $78.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Global Hunter Securities’ price target suggests a potential upside of 24.30% from the company’s current price.
A number of other firms have also recently commented on GPOR. Analysts at Barclays raised their price target on shares of Gulfport Energy Corp. from $71.00 to $75.00 in a research note to investors on Monday, October 21st. They now have an “overweight” rating on the stock. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of Gulfport Energy Corp. in a research note to investors on Thursday, October 17th. They now have a $85.00 price target on the stock. Finally, 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, October 17th. They now have an “outperform” rating on the stock. One equities 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 stock. Gulfport Energy Corp. presently has an average rating of “Buy” and an average target price of $73.27.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 62.75 on Wednesday. Gulfport Energy Corp. has a 1-year low of $28.52 and a 1-year high of $59.80. The stock has a 50-day moving average of $56.61 and a 200-day moving average of $49.96. The company has a market cap of $4.866 billion and a P/E ratio of 40.05.
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 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 $0.62 EPS for the current fiscal year.
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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