Gulfport Energy Price Target Increased to $100.00 by Analysts at Wunderlich (GPOR)
Research analysts at Wunderlich upped their price objective on shares of Gulfport Energy (NASDAQ:GPOR) from $85.00 to $100.00 in a report released on Wednesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target indicates a potential upside of 36.80% from the stock’s previous close.
The analysts wrote, “Last week Gulfport Energy (GPOR) announced its 1Q14 production results, provided an update on production at its first SAGD flood in Canada, and also disclosed the results of its bank redetermination. All three events were rather positive in our view as the company hit guidance despite tough weather during 1Q14, the long-awaited first production was achieved in Canada, and additional liquidity was granted on the credit facility. “These positive moves signify a strong start to 2014 for Gulfport that we believe is a sign of even bigger and better things to come as the company looks to ramp production dramatically in 2014. Gulfport remains a Best Idea given its best-in-class assets, multiple value-creating potential non-core monetizations and improving operational/planning execution.”
A number of other analysts have also recently weighed in on GPOR. Analysts at EuroPacific Canada raised their price target on shares of Gulfport Energy to $82.00 in a research note on Thursday, April 10th. Separately, analysts at Eurobank EFG raised their price target on shares of Gulfport Energy from $72.00 to $82.00 in a research note on Thursday, April 10th. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities reiterated a “positive” rating on shares of Gulfport Energy in a research note on Thursday, April 10th. They now have a $80.00 price target on the stock. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gulfport Energy presently has an average rating of “Buy” and a consensus price target of $80.08.
Shares of Gulfport Energy (NASDAQ:GPOR) traded up 1.71% on Wednesday, hitting $74.35. The stock had a trading volume of 287,744 shares. Gulfport Energy has a one year low of $45.27 and a one year high of $75.75. The stock’s 50-day moving average is $67.55 and its 200-day moving average is $61.90. The company has a market cap of $6.336 billion and a price-to-earnings ratio of 37.11.
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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