Gulfport Energy Sees Large Drop in Short Interest (GPOR)
Shares of Gulfport Energy (NASDAQ:GPOR) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 6,493,780 shares, a drop of 18.1% from the April 15th total of 7,926,824 shares, AnalystRatingsNetwork.com reports. Currently, 7.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,515,953 shares, the short-interest ratio is currently 4.3 days.
GPOR has been the subject of a number of recent research reports. Analysts at Stephens downgraded shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating in a research note on Friday. Separately, analysts at Goldman Sachs cut their price target on shares of Gulfport Energy from $82.00 to $80.00 in a research note on Thursday. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Gulfport Energy in a research note on Tuesday, May 13th. They now have a $73.00 price target on the stock, down previously from $78.00. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $76.97.
Gulfport Energy (NASDAQ:GPOR) opened at 61.94 on Monday. Gulfport Energy has a 52 week low of $45.78 and a 52 week high of $75.75. The stock has a 50-day moving average of $70.41 and a 200-day moving average of $62.60. The company has a market cap of $5.291 billion and a price-to-earnings ratio of 26.56.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ 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 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. Analysts expect that Gulfport Energy will post $0.88 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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