Gulfport Energy (GPOR) Releases Quarterly Earnings, Meets Expectations
Gulfport Energy (NASDAQ:GPOR) issued its quarterly earnings data on Thursday. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20, American Banking News reports. The company had revenue of $118.00 million for the quarter, compared to the consensus estimate of $121.55 million. During the same quarter last year, the company posted $0.10 earnings per share. Gulfport Energy’s revenue was up 114.5% compared to the same quarter last year.
A number of research firms have recently commented on GPOR. Analysts at Deutsche Bank raised their price target on shares of Gulfport Energy from $74.00 to $85.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Gulfport Energy from $75.00 to $78.00 in a research note on Wednesday, April 23rd. They now have an “overweight” rating on the stock. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of Gulfport Energy in a research note on Wednesday, April 16th. They now have a $100.00 price target on the stock, up previously from $85.00. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Gulfport Energy has a consensus rating of “Buy” and an average target price of $80.86.
Gulfport Energy (NASDAQ:GPOR) opened at 73.04 on Thursday. Gulfport Energy has a 52-week low of $45.78 and a 52-week high of $75.75. The stock’s 50-day moving average is $71.57 and its 200-day moving average is $62.68. The company has a market cap of $6.224 billion and a price-to-earnings ratio of 36.62.
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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