Today The Gulfport Energy Corporation (GPOR) Upgraded at Wolfe Research

Today The Gulfport Energy Corporation (GPOR) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Gulfport Energy Corporation (NASDAQ:GPOR) to an outperform rating in a research note published on Friday morning.

Several other research firms have also recently weighed in on GPOR. Zacks Investment Research upgraded Gulfport Energy Corporation from a hold rating to a buy rating and set a $33.00 price target on the stock in a report on Tuesday, October 11th. Mizuho began coverage on Gulfport Energy Corporation in a report on Wednesday, October 5th. They issued a buy rating and a $35.00 target price on the stock. Vetr cut Gulfport Energy Corporation from a strong-buy rating to a buy rating and set a $30.00 target price on the stock. in a report on Thursday, October 6th. Goldman Sachs Group, Inc. (The) upgraded Gulfport Energy Corporation from a neutral rating to a buy rating and set a $35.00 target price on the stock in a report on Tuesday, October 18th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $35.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, October 19th. Nine analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Gulfport Energy Corporation has a consensus rating of Buy and a consensus price target of $32.96.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 21.57 on Friday. Gulfport Energy Corporation has a one year low of $20.24 and a one year high of $34.67. The company’s market cap is $2.71 billion. The firm’s 50-day moving average is $23.05 and its 200-day moving average is $26.32.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm had revenue of $193.70 million for the quarter, compared to the consensus estimate of $170.57 million. The business’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) earnings per share. Analysts expect that Gulfport Energy Corporation will post $0.75 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in GPOR. Boston Partners increased its position in shares of Gulfport Energy Corporation by 4,517.3% in the third quarter. Boston Partners now owns 12,808,323 shares of the company’s stock worth $361,835,000 after buying an additional 12,530,923 shares during the period. Vanguard Group Inc. increased its position in shares of Gulfport Energy Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 9,239,096 shares of the company’s stock worth $288,814,000 after buying an additional 410,153 shares during the period. BlackRock Fund Advisors increased its position in shares of Gulfport Energy Corporation by 3.9% in the third quarter. BlackRock Fund Advisors now owns 4,805,659 shares of the company’s stock worth $135,760,000 after buying an additional 180,274 shares during the period. State Street Corp increased its position in shares of Gulfport Energy Corporation by 3.8% in the second quarter. State Street Corp now owns 4,417,118 shares of the company’s stock worth $138,083,000 after buying an additional 160,565 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Gulfport Energy Corporation by 5.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,144,739 shares of the company’s stock worth $129,565,000 after buying an additional 207,545 shares during the period. Hedge funds and other institutional investors own 82.42% of the company’s stock.

About Gulfport Energy Corporation

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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