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Canaccord Genuity assumed coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.

GPOR has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Gulfport Energy from $80.00 to $85.00 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock. Separately, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $77.29.

Shares of Gulfport Energy (NASDAQ:GPOR) traded up 1.15% on Wednesday, hitting $60.83. The stock had a trading volume of 1,148,090 shares. Gulfport Energy has a 1-year low of $48.04 and a 1-year high of $75.75. The stock has a 50-day moving average of $63.33 and a 200-day moving average of $64.17. The company has a market cap of $5.196 billion and a price-to-earnings ratio of 25.49.

Gulfport Energy (NASDAQ:GPOR) last released its 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. Analysts expect that Gulfport Energy will post $0.85 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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