Gulfport Energy Receives New Coverage from Analysts at Wells Fargo & Co. (GPOR)
Equities research analysts at Wells Fargo & Co. started coverage on shares of Gulfport Energy (NASDAQ:GPOR) in a research note issued to investors on Monday. The firm set a “buy” rating and a $70.00 price target on the stock. Wells Fargo & Co.’s target price would indicate a potential upside of 25.58% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Gulfport Energy from $77.00 to $74.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $70.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at SunTrust raised their price target on shares of Gulfport Energy from $85.00 to $86.00 in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.57.
Shares of Gulfport Energy (NASDAQ:GPOR) traded up 2.78% on Monday, hitting $57.29. The stock had a trading volume of 1,805,556 shares. Gulfport Energy has a one year low of $51.20 and a one year high of $75.75. The stock has a 50-day moving average of $59.16 and a 200-day moving average of $63.94. The company has a market cap of $4.894 billion and a price-to-earnings ratio of 23.67.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data 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. Analysts expect that Gulfport Energy will post $0.72 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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