Gulfport Energy PT Raised to $85.00 at Howard Weil (GPOR)
Howard Weil lifted their price objective on shares of Gulfport Energy (NASDAQ:GPOR) from $80.00 to $85.00 in a research note issued on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price objective indicates a potential upside of 33.40% from the company’s current price.
Shares of Gulfport Energy (NASDAQ:GPOR) opened at 62.59 on Thursday. Gulfport Energy has a 52 week low of $46.85 and a 52 week high of $75.75. The stock has a 50-day moving average of $63.56 and a 200-day moving average of $64.15. The company has a market cap of $5.347 billion and a price-to-earnings ratio of 27.01.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly 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 $0.85 earnings per share for the current fiscal year.
GPOR has been the subject of a number of other recent research reports. Analysts at GMP Securities initiated coverage on shares of Gulfport Energy in a research note on Tuesday, June 24th. They set a “buy” rating and a $81.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Gulfport Energy from $83.00 to $85.00 in a research note on Friday, June 20th. They now have a “buy” rating on the stock. Finally, 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. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $77.58.
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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