Gulfport Energy Given New $62.00 Price Target at RBC Capital (GPOR)
Investment analysts at RBC Capital raised their price objective on shares of Gulfport Energy (NASDAQ:GPOR) from $61.00 to $62.00 in a note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 13.18% from the company’s current price.
Gulfport Energy (NASDAQ:GPOR) opened at 54.78 on Friday. Gulfport Energy has a 52-week low of $50.85 and a 52-week high of $75.75. The stock’s 50-day moving average is $59.8 and its 200-day moving average is $63.95. The company has a market cap of $4.680 billion and a P/E ratio of 22.18.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.09. The company had revenue of $114.76 million for the quarter, compared to the consensus estimate of $121.19 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 63.0% on a year-over-year basis. Analysts expect that Gulfport Energy will post $0.79 EPS for the current fiscal year.
A number of other firms have also recently commented on GPOR. Analysts at Global Hunter Securities cut their price target on shares of Gulfport Energy from $72.00 to $65.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Gulfport Energy from $82.00 to $79.50 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Finally, 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. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Gulfport Energy presently has a consensus rating of “Buy” and a consensus target price of $78.08.
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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