Gulfport Energy Corporation (GPOR) Upgraded at Zacks Investment Research
Gulfport Energy Corporation (NASDAQ:GPOR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $16.00 target price on the oil and gas producer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.51% from the stock’s current price.
According to Zacks, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential. “
GPOR has been the subject of several other reports. Jefferies Group LLC set a $20.00 target price on Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Pacific Crest reaffirmed an “overweight” rating and issued a $28.00 target price on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. Williams Capital set a $21.00 target price on Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $24.09.
Gulfport Energy Corporation (GPOR) traded up 1.25% during mid-day trading on Wednesday, reaching $14.61. 2,592,636 shares of the company were exchanged. The stock’s market capitalization is $2.67 billion. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47. The stock’s 50-day moving average price is $13.02 and its 200-day moving average price is $14.33.
Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. The company 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%. Gulfport Energy Corporation’s 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, equities research analysts anticipate that Gulfport Energy Corporation will post $1.39 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gulfport Energy Corporation by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 712 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Gulfport Energy Corporation by 76.9% in the second 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 stake in Gulfport Energy Corporation in the second quarter valued at approximately $150,000. LS Investment Advisors LLC lifted its stake in Gulfport Energy Corporation by 25.1% in the second 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 lifted its stake in Gulfport Energy Corporation by 4.2% in the second 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. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Gulfport Energy Corporation Company Profile
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.
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