Share on StockTwits

Investment analysts at SunTrust upped their target price on shares of Gulfport Energy (NASDAQ:GPOR) from $85.00 to $86.00 in a note issued to investors on Friday. SunTrust’s price objective points to a potential upside of 54.29% from the stock’s previous close.

Shares of Gulfport Energy (NASDAQ:GPOR) opened at 55.74 on Friday. Gulfport Energy has a one year low of $51.20 and a one year 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 price-to-earnings ratio of 23.26.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 63.0% on a year-over-year basis. On average, analysts predict that Gulfport Energy will post $0.76 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Gulfport Energy from $79.50 to $79.00 in a research note on Friday. Separately, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $78.10.

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.