Gulfport Energy Corp. (GPOR) Upgraded by Goldman Sachs Group Inc. to “Buy”
Gulfport Energy Corp. (NASDAQ:GPOR) was upgraded by investment analysts at Goldman Sachs Group Inc. to a “buy” rating in a report released on Tuesday.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Gulfport Energy Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, October 11th. Barclays PLC upped their target price on Gulfport Energy Corp. from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, August 5th. KLR Group upgraded Gulfport Energy Corp. from an “accumulate” rating to a “buy” rating and dropped their target price for the company from $39.00 to $37.00 in a report on Friday, August 5th. Morgan Stanley restated a “hold” rating and issued a $40.00 target price on shares of Gulfport Energy Corp. in a report on Friday, August 5th. Finally, Wolfe Research started coverage on Gulfport Energy Corp. in a report on Tuesday, July 26th. They issued a “peer perform” rating for the company. Eight investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.81.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 27.61 on Tuesday. Gulfport Energy Corp. has a 12-month low of $20.21 and a 12-month high of $34.67. The company’s market capitalization is $3.46 billion. The company has a 50 day moving average price of $28.48 and a 200 day moving average price of $29.36.
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Gulfport Energy Corp. (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a positive return on equity of 1.61% and a negative net margin of 216.29%. Equities analysts anticipate that Gulfport Energy Corp. will post $0.65 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in GPOR. Alliancebernstein L.P. increased its position in shares of Gulfport Energy Corp. by 93.2% in the second quarter. Alliancebernstein L.P. now owns 3,302,962 shares of the company’s stock valued at $103,251,000 after buying an additional 1,593,029 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Gulfport Energy Corp. during the second quarter valued at $28,767,000. Blue Ridge Capital L.L.C. increased its position in shares of Gulfport Energy Corp. by 69.2% in the second quarter. Blue Ridge Capital L.L.C. now owns 1,565,000 shares of the company’s stock valued at $48,922,000 after buying an additional 640,000 shares during the period. Encompass Capital Advisors LLC bought a new position in shares of Gulfport Energy Corp. during the second quarter valued at $19,694,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Gulfport Energy Corp. during the first quarter valued at $17,713,000.
About Gulfport Energy Corp.
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.
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