Share on StockTwits

Shares of Gulfport Energy (NASDAQ:GPOR) were the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 8,065,818 shares, a growth of 24.2% from the April 30th total of 6,493,780 shares, reports. Approximately 9.5% of the shares of the company are sold short. Based on an average trading volume of 3,269,039 shares, the short-interest ratio is currently 2.5 days.

Several analysts have recently commented on the stock. Analysts at Stephens downgraded shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 16th. 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, May 15th. 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 equities 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 stock. Gulfport Energy has a consensus rating of “Buy” and a consensus target price of $76.97.

Gulfport Energy (NASDAQ:GPOR) opened at 62.04 on Tuesday. 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 $67.81 and its 200-day moving average is $62.99. The company has a market cap of $5.300 billion and a price-to-earnings ratio of 26.08.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data 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 $0.85 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.