The Gulfport Energy Corp. (GPOR) PT Set at $33.00 by Canaccord Genuity

The Gulfport Energy Corp. (GPOR) PT Set at $33.00 by Canaccord Genuity

Gulfport Energy Corp. (NASDAQ:GPOR) has been assigned a $33.00 target price by analysts at Canaccord Genuity in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 28.30% from the company’s previous close.

GPOR has been the subject of a number of other research reports. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Gulfport Energy Corp. in a research report on Wednesday, July 6th. Piper Jaffray Cos. assumed coverage on shares of Gulfport Energy Corp. in a research note on Friday, July 8th. They set an “overweight” rating and a $40.00 price objective on the stock. Vetr raised shares of Gulfport Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $35.67 price target on the stock in a research note on Monday, July 11th. Wolfe Research assumed coverage on shares of Gulfport Energy Corp. in a research note on Tuesday, July 26th. They set a “peer perform” rating on the stock. Finally, KLR Group raised shares of Gulfport Energy Corp. from an “accumulate” rating to a “buy” rating and decreased their price target for the company from $39.00 to $37.00 in a research note on Friday, August 5th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.54.

Gulfport Energy Corp. (NASDAQ:GPOR) traded down 1.19% during midday trading on Wednesday, hitting $25.72. The stock had a trading volume of 1,514,709 shares. The stock’s market cap is $3.23 billion. The firm has a 50 day moving average price of $25.79 and a 200 day moving average price of $28.55. Gulfport Energy Corp. has a one year low of $20.21 and a one year high of $34.67.

Gulfport Energy Corp. (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 3.30%. The business had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $170.57 million. During the same period in the previous year, the company posted ($0.08) EPS. Gulfport Energy Corp.’s revenue was down 16.0% on a year-over-year basis. Equities analysts expect that Gulfport Energy Corp. will post $0.74 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Gulfport Energy Corp. by 16.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 111,062 shares of the company’s stock valued at $3,147,000 after buying an additional 15,739 shares during the period. Springbok Capital Management LLC boosted its stake in shares of Gulfport Energy Corp. by 69.6% in the first quarter. Springbok Capital Management LLC now owns 82,075 shares of the company’s stock valued at $2,326,000 after buying an additional 33,686 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Gulfport Energy Corp. by 62.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 128,830 shares of the company’s stock valued at $3,651,000 after buying an additional 49,550 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Gulfport Energy Corp. during the first quarter valued at about $17,713,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Gulfport Energy Corp. by 13.8% in the first quarter. Nuveen Asset Management LLC now owns 74,630 shares of the company’s stock valued at $2,115,000 after buying an additional 9,074 shares during the period.

Gulfport Energy Corp. Company Profile

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