The Vetr Inc. lowers the Stock rating of Gulfport Energy Corp. (GPOR)

The Vetr Inc. lowers the Stock rating of Gulfport Energy Corp. (GPOR)

Gulfport Energy Corp. (NASDAQ:GPOR) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday. They currently have a $30.00 price target on the stock. Vetr‘s price objective would suggest a potential upside of 2.88% from the stock’s current price.

A number of other research firms have also commented on GPOR. Williams Capital started coverage on shares of Gulfport Energy Corp. in a research note on Monday, August 29th. They issued a “buy” rating and a $36.00 price objective on the stock. Piper Jaffray Cos. assumed coverage on shares of Gulfport Energy Corp. in a research report on Friday, July 8th. They set an “overweight” rating and a $40.00 target price on the stock. Jefferies Group upgraded shares of Gulfport Energy Corp. from an “underperform” rating to a “hold” rating in a research report on Friday, August 19th. Deutsche Bank AG downgraded shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating and dropped their target price for the company from $37.00 to $33.00 in a research report on Monday, June 13th. Finally, Mizuho assumed coverage on shares of Gulfport Energy Corp. in a research report on Wednesday, October 5th. They set a “buy” rating and a $35.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Gulfport Energy Corp. presently has a consensus rating of “Buy” and a consensus target price of $34.93.

Gulfport Energy Corp. (NASDAQ:GPOR) opened at 29.16 on Thursday. The company has a 50-day moving average of $28.18 and a 200-day moving average of $29.30. Gulfport Energy Corp. has a 52-week low of $20.21 and a 52-week high of $36.12. The company’s market cap is $3.66 billion.

Gulfport Energy Corp. (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 1.61%. On average, equities research analysts expect that Gulfport Energy Corp. will post $0.65 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. IndexIQ Advisors LLC increased its stake in shares of 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 during the last quarter. Genesee Valley Trust Co. purchased a new stake in shares of Gulfport Energy Corp. during the second quarter worth about $209,000. Seven Bridges Advisors LLC purchased a new stake in shares of Gulfport Energy Corp. during the second quarter worth about $221,000. LS Investment Advisors LLC increased its stake in shares of 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 during the last quarter. Finally, Connable Office Inc. purchased a new stake in shares of Gulfport Energy Corp. during the second quarter worth about $244,000.

About Gulfport Energy Corp.

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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