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Research analysts at Canaccord Genuity dropped their target price on shares of Gulfport Energy (NASDAQ:GPOR) from $82.00 to $79.50 in a report released on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 39.67% from the stock’s previous close.

A number of other firms have also recently commented on GPOR. Analysts at Barclays raised their price target on shares of Gulfport Energy from $73.00 to $77.00 in a research note on Wednesday, July 23rd. Separately, analysts at FBR Capital Markets initiated coverage on shares of Gulfport Energy in a research note on Thursday, July 17th. They set a “market perform” rating and a $80.00 price target on the stock. Finally, 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. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $77.71.

Gulfport Energy (NASDAQ:GPOR) traded down 3.60% on Monday, hitting $54.87. The stock had a trading volume of 916,432 shares. Gulfport Energy has a 1-year low of $50.33 and a 1-year high of $75.75. The stock’s 50-day moving average is $62.29 and its 200-day moving average is $63.96. The company has a market cap of $4.687 billion and a price-to-earnings ratio of 24.13.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 114.5% on a year-over-year basis. On average, analysts predict that Gulfport Energy will post $0.81 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.

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