Other equities research analysts also recently issued research reports about the company. KLR Group downgraded Gulfport Energy Corp. from a buy rating to an accumulate rating and set a $34.00 price objective on the stock. in a report on Monday, June 13th. Zacks Investment Research raised Gulfport Energy Corp. from a hold rating to a buy rating and set a $36.00 price objective on the stock in a report on Tuesday, June 28th. Wunderlich lifted their target price on Gulfport Energy Corp. from $35.00 to $40.00 and gave the stock a buy rating in a report on Monday, June 27th. Williams Capital assumed coverage on Gulfport Energy Corp. in a report on Monday, August 29th. They set a buy rating and a $36.00 target price on the stock. Finally, Jefferies Group reaffirmed a buy rating on shares of Gulfport Energy Corp. in a report on Friday, September 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $35.14.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded up 0.296% during trading on Wednesday, hitting $28.835. The stock had a trading volume of 284,565 shares. The stock’s market capitalization is $3.61 billion. Gulfport Energy Corp. has a one year low of $20.21 and a one year high of $36.12. The stock has a 50 day moving average price of $28.01 and a 200-day moving average price of $29.31.
Gulfport Energy Corp. (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ 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 research analysts predict that Gulfport Energy Corp. will post $0.65 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. IndexIQ Advisors LLC raised its stake in Gulfport Energy Corp. by 7.5% in the second quarter. IndexIQ Advisors LLC now owns 4,901 shares of the company’s stock worth $153,000 after buying an additional 344 shares in the last quarter. Genesee Valley Trust Co. purchased a new stake in Gulfport Energy Corp. during the second quarter worth $209,000. Seven Bridges Advisors LLC purchased a new stake in Gulfport Energy Corp. during the second quarter worth $221,000. LS Investment Advisors LLC raised its stake in Gulfport Energy Corp. by 77.6% in the second quarter. LS Investment Advisors LLC now owns 7,556 shares of the company’s stock worth $236,000 after buying an additional 3,301 shares in the last quarter. Finally, Connable Office Inc. purchased a new stake in Gulfport Energy Corp. during the second quarter worth $244,000.
Gulfport Energy Corp. Company Profile
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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