Imperial Capital started coverage on shares of Gulfport Energy Corporation (NASDAQ:GPOR) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $19.00 price target on the oil and gas producer’s stock. Imperial Capital’s target price would indicate a potential upside of 35.14% from the stock’s previous close. Imperial Capital also issued estimates for Gulfport Energy Corporation’s Q3 2017 earnings at $0.30 EPS, Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.32 EPS and FY2018 earnings at $1.41 EPS.

GPOR has been the subject of a number of other reports. Piper Jaffray Companies restated an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Zacks Investment Research downgraded Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Scotiabank restated a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $25.00 price target on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $24.46.

Shares of Gulfport Energy Corporation (GPOR) traded up 3.00% during trading on Tuesday, reaching $14.06. 4,086,012 shares of the company’s stock were exchanged. The firm’s market cap is $2.57 billion. The stock has a 50-day moving average price of $12.27 and a 200 day moving average price of $14.51. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $323.90 million during the quarter, compared to the consensus estimate of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The business’s quarterly revenue was up 1052.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. On average, analysts forecast that Gulfport Energy Corporation will post $1.40 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/09/24/gulfport-energy-corporation-gpor-now-covered-by-imperial-capital.html.

Several institutional investors and hedge funds have recently modified their holdings of GPOR. Capstone Asset Management Co. raised its holdings in shares of Gulfport Energy Corporation by 23.3% during the 1st quarter. Capstone Asset Management Co. now owns 12,762 shares of the oil and gas producer’s stock worth $219,000 after acquiring an additional 2,410 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Gulfport Energy Corporation by 1.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 54,274 shares of the oil and gas producer’s stock worth $933,000 after acquiring an additional 800 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Gulfport Energy Corporation by 3.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 90,171 shares of the oil and gas producer’s stock worth $1,549,000 after acquiring an additional 3,371 shares in the last quarter. State Treasurer State of Michigan raised its holdings in shares of Gulfport Energy Corporation by 3.9% during the 1st quarter. State Treasurer State of Michigan now owns 64,500 shares of the oil and gas producer’s stock worth $1,109,000 after acquiring an additional 2,400 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Gulfport Energy Corporation by 109.2% during the 1st quarter. First Trust Advisors LP now owns 286,552 shares of the oil and gas producer’s stock worth $4,926,000 after acquiring an additional 149,605 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

About Gulfport Energy Corporation

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

Receive News & Ratings for Gulfport Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.