Gulfport Energy Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:GPOR)
Shares of Gulfport Energy (NASDAQ:GPOR) have been given an average recommendation of “Buy” by the twenty-seven ratings firms that are presently covering the company, Analyst Ratings Net reports. Seven research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $77.57.
Gulfport Energy (NASDAQ:GPOR) traded down 0.87% during mid-day trading on Friday, hitting $57.102. The stock had a trading volume of 107,105 shares. Gulfport Energy has a 52-week low of $51.59 and a 52-week high of $75.75. The stock’s 50-day moving average is $57.55 and its 200-day moving average is $63.81. The company has a market cap of $4.882 billion and a P/E ratio of 24.46.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results 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. On average, analysts predict that Gulfport Energy will post $0.64 earnings per share for the current fiscal year.
GPOR has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Gulfport Energy in a research note on Monday, August 11th. They set a “buy” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Barclays cut their price target on shares of Gulfport Energy from $77.00 to $74.00 in a research note on Monday, August 11th. They now have an “overweight” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $70.00 price target on the stock. They noted that the move was a valuation call.
In other Gulfport Energy news, Director Craig Groeschel unloaded 2,000 shares of Gulfport Energy stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $57.12, for a total value of $114,240.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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.