Gulfport Energy Corporation (NASDAQ:GPOR)‘s stock had its “buy” rating reiterated by investment analysts at Mizuho in a research note issued on Wednesday. They currently have a $23.00 price target on the oil and gas producer’s stock. Mizuho’s price objective would indicate a potential upside of 57.43% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. KeyCorp reiterated a “buy” rating and set a $18.00 target price on shares of Gulfport Energy Corporation in a report on Tuesday, September 19th. Imperial Capital began coverage on shares of Gulfport Energy Corporation in a report on Tuesday, September 19th. They set an “outperform” rating and a $19.00 target price on the stock. Piper Jaffray Companies reduced their target price on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Jefferies Group LLC set a $20.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, Stifel Nicolaus reduced their target price on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company. Gulfport Energy Corporation currently has a consensus rating of “Buy” and an average price target of $24.09.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded up 1.25% during trading on Wednesday, reaching $14.61. 2,592,636 shares of the company were exchanged. The stock’s market capitalization is $2.67 billion. The firm has a 50-day moving average price of $13.02 and a 200-day moving average price of $14.33. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The firm had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm’s quarterly revenue was up 1052.7% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. Equities research analysts predict that Gulfport Energy Corporation will post $1.39 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of GPOR. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Gulfport Energy Corporation by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 712 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Gulfport Energy Corporation by 76.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock valued at $141,000 after buying an additional 4,153 shares during the last quarter. World Asset Management Inc purchased a new position in shares of Gulfport Energy Corporation in the 2nd quarter valued at $150,000. LS Investment Advisors LLC grew its position in shares of Gulfport Energy Corporation by 25.1% in the 2nd quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after buying an additional 2,584 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Gulfport Energy Corporation by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after buying an additional 520 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

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)

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