Stock Traders Purchase Large Volume of Gulfport Energy Corp. Put Options (GPOR)
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) saw some unusual options trading activity on Wednesday. Traders bought 4,371 put options on the stock, AR Network reports. This is an increase of 346% compared to the typical daily volume of 980 put options.
A number of research firms have recently commented on GPOR. Analysts at KeyCorp initiated coverage on shares of Gulfport Energy Corp. in a research note to investors on Tuesday, November 26th. They set a “buy” rating and a $70.00 price target on the stock. Separately, analysts at MLV Capital initiated coverage on shares of Gulfport Energy Corp. in a research note to investors on Friday, November 22nd. They set a “hold” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of Gulfport Energy Corp. from $74.00 to $80.00 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Gulfport Energy Corp. currently has a consensus rating of “Buy” and a consensus price target of $73.94.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 63.13 on Thursday. Gulfport Energy Corp. has a one year low of $35.24 and a one year high of $69.81. The stock’s 50-day moving average is $58.22 and its 200-day moving average is $57.54. The company has a market cap of $4.898 billion and a P/E ratio of 30.23.
Gulfport Energy Corp. (NASDAQ:GPOR) last released its earnings data on Tuesday, November 5th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $69.25 million for the quarter, compared to the consensus estimate of $81.27 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts expect that Gulfport Energy Corp. will post $0.61 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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