Gulfport Energy Corporation (NASDAQ:GPOR)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Tuesday. They presently have a $25.00 price target on the oil and gas producer’s stock. SunTrust Banks, Inc.’s price target points to a potential upside of 82.88% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 14th. BidaskClub downgraded shares of Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Williams Capital set a $18.00 target price on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Monday. Scotiabank reaffirmed a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. Finally, KeyCorp set a $18.00 target price on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.83.

Gulfport Energy Corporation (NASDAQ:GPOR) traded up 0.74% on Tuesday, reaching $13.67. 3,072,782 shares of the company’s stock traded hands. The firm’s market capitalization is $2.50 billion. The firm’s 50 day moving average price is $13.89 and its 200 day moving average price is $14.05. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $29.92.

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

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A number of hedge funds have recently made changes to their positions in GPOR. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after acquiring 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 acquiring an additional 4,153 shares during the last quarter. World Asset Management Inc acquired a new stake in Gulfport Energy Corporation in the second quarter valued at $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 acquiring 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 acquiring an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 86.88% 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.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

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