Gulfport Energy Corp. Rating Lowered to Underperform at Zacks (GPOR)
Gulfport Energy Corp. (NASDAQ:GPOR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, AnalystRatingsNetwork reports. They currently have a $57.20 target price on the stock. Zacks‘ price target points to a potential upside of 3.32% from the company’s current price.
A number of other analysts have also recently weighed in on GPOR. Analysts at KLR Group downgraded shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at RBC Capital downgraded shares of Gulfport Energy Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday. They now have a $61.00 price target on the stock, down previously from $64.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.79.
Gulfport Energy Corp. (NASDAQ:GPOR) traded down 6.50% on Tuesday, hitting $55.36. The stock had a trading volume of 5,675,737 shares. Gulfport Energy Corp. has a 52 week low of $35.24 and a 52 week high of $69.81. The stock’s 50-day moving average is $58.32 and its 200-day moving average is $57.78. The company has a market cap of $4.295 billion and a P/E ratio of 29.23.
Gulfport Energy Corp. (NASDAQ:GPOR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.28 earnings per share. Gulfport Energy Corp.’s revenue was up 14.4% compared to the same quarter last year. On average, analysts predict that Gulfport Energy Corp. will post $0.61 earnings per share 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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