EuroPacific Canada Lowers Gulfport Energy Price Target to $75.00 (GPOR)
Investment analysts at EuroPacific Canada dropped their price objective on shares of Gulfport Energy (NASDAQ:GPOR) from $82.00 to $75.00 in a note issued to investors on Friday, Analyst RN reports. EuroPacific Canada’s target price would indicate a potential upside of 26.31% from the company’s current price.
Shares of Gulfport Energy (NASDAQ:GPOR) traded up 1.97% during mid-day trading on Friday, hitting $60.55. 777,853 shares of the company’s stock traded hands. Gulfport Energy has a 1-year low of $45.78 and a 1-year high of $75.75. The stock has a 50-day moving average of $71.38 and a 200-day moving average of $62.66. The company has a market cap of $5.160 billion and a P/E ratio of 30.14.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $118.00 million for the quarter, compared to the consensus estimate of $123.63 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 114.5% on a year-over-year basis. On average, analysts predict that Gulfport Energy will post $1.03 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust cut their price target on shares of Gulfport Energy from $94.00 to $82.00 in a research note on Friday. Separately, analysts at Howard Weil cut their price target on shares of Gulfport Energy from $92.00 to $80.00 in a research note on Friday. They now have a “sector outperform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Gulfport Energy from $72.00 to $66.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.29.
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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