Gulfport Energy Price Target Cut to $79.00 by Analysts at Canaccord Genuity (GPOR)
Equities research analysts at Canaccord Genuity lowered their price target on shares of Gulfport Energy (NASDAQ:GPOR) from $79.50 to $79.00 in a research note issued to investors on Friday. Canaccord Genuity’s price objective suggests a potential upside of 41.73% from the company’s current price.
GPOR has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Gulfport Energy from $61.00 to $62.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, 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. 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, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.10.
Gulfport Energy (NASDAQ:GPOR) opened at 55.74 on Friday. Gulfport Energy has a 52-week low of $51.20 and a 52-week high of $75.75. The stock’s 50-day moving average is $59.37 and its 200-day moving average is $63.89. The company has a market cap of $4.750 billion and a P/E ratio of 23.26.
Gulfport Energy (NASDAQ:GPOR) last released its 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 $0.76 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.
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.