Gulfport Energy Corp. (GPOR) Upgraded to Buy by Goldman Sachs Group Inc.
Gulfport Energy Corp. (NASDAQ:GPOR) was upgraded by equities researchers at Goldman Sachs Group Inc. to a “buy” rating in a note issued to investors on Tuesday.
A number of other research analysts have also recently issued reports on the company. Barclays PLC lifted their price objective on Gulfport Energy Corp. from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, August 5th. GMP Securities initiated coverage on Gulfport Energy Corp. in a report on Wednesday, September 28th. They set a “hold” rating and a $24.00 price objective for the company. KeyCorp cut their price objective on Gulfport Energy Corp. from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, August 22nd. Jefferies Group raised Gulfport Energy Corp. from an “underperform” rating to a “hold” rating in a report on Friday, August 19th. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of Gulfport Energy Corp. in a report on Wednesday, July 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Gulfport Energy Corp. currently has a consensus rating of “Buy” and a consensus price target of $34.81.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 27.61 on Tuesday. The firm’s market capitalization is $3.46 billion. The firm has a 50-day moving average of $28.48 and a 200-day moving average of $29.36. Gulfport Energy Corp. has a one year low of $20.21 and a one year high of $34.67.
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Gulfport Energy Corp. (NASDAQ:GPOR) last issued its earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, topping the 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%. On average, equities analysts predict that Gulfport Energy Corp. will post $0.65 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in Gulfport Energy Corp. by 93.2% in the second quarter. Alliancebernstein L.P. now owns 3,302,962 shares of the company’s stock worth $103,251,000 after buying an additional 1,593,029 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Gulfport Energy Corp. during the second quarter worth $28,767,000. Blue Ridge Capital L.L.C. raised its position in 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 worth $48,922,000 after buying an additional 640,000 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in Gulfport Energy Corp. during the second quarter worth $19,694,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Gulfport Energy Corp. during the first quarter worth $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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