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Gulfport Energy (NASDAQ:GPOR) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $70.00 target price on the stock. Stifel Nicolaus’ 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.

A number of other analysts have also recently weighed in on GPOR. Analysts at SunTrust raised their price target on shares of Gulfport Energy from $85.00 to $86.00 in a research note on Friday. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Gulfport Energy has a consensus rating of “Buy” and a consensus price target of $77.95.

Gulfport Energy (NASDAQ:GPOR) traded up 2.55% during mid-day trading on Monday, hitting $57.16. The stock had a trading volume of 669,003 shares. 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 $59.54 and its 200-day moving average is $63.89. The company has a market cap of $4.883 billion and a price-to-earnings ratio of 23.67.

Gulfport Energy (NASDAQ:GPOR) last announced its 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 $0.72 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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