Shares of Gulfport Energy Corp. (NASDAQ:GPOR) gapped up before the market opened on Tuesday . The stock had previously closed at $30.73, but opened at $31.13. Gulfport Energy Corp. shares last traded at $32.43, with a volume of 705,446 shares traded.

GPOR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Gulfport Energy Corp. from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. Canaccord Genuity reiterated a “buy” rating on shares of Gulfport Energy Corp. in a research report on Wednesday, March 16th. Royal Bank Of Canada reiterated an “outperform” rating and set a $34.00 price objective on shares of Gulfport Energy Corp. in a research report on Friday, March 18th. Simmons reiterated an “overweight” rating and set a $40.00 price objective on shares of Gulfport Energy Corp. in a research report on Thursday, March 31st. Finally, Alembic Global Advisors cut shares of Gulfport Energy Corp. from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 5th. Eight analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Gulfport Energy Corp. presently has a consensus rating of “Buy” and a consensus price target of $38.35.

The company’s market capitalization is $4.01 billion. The stock has a 50 day moving average price of $31.61 and a 200-day moving average price of $28.39.

Gulfport Energy Corp. (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.05. The company had revenue of $156.96 million for the quarter, compared to analysts’ expectations of $161.76 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. Analysts forecast that Gulfport Energy Corp. will post $0.34 EPS for the current fiscal year.

In other Gulfport Energy Corp. news, VP Stuart Maier sold 10,000 shares of the business’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $33.35, for a total transaction of $333,500.00. Following the transaction, the vice president now directly owns 20,366 shares of the company’s stock, valued at approximately $679,206.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael G. Moore sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $32.95, for a total transaction of $659,000.00. Following the transaction, the chief executive officer now directly owns 226,175 shares in the company, valued at $7,452,466.25. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in GPOR. I.G. Investment Management LTD. increased its stake in Gulfport Energy Corp. by 0.7% in the fourth quarter. I.G. Investment Management LTD. now owns 77,720 shares of the company’s stock worth $1,910,000 after buying an additional 545 shares in the last quarter. Swiss National Bank increased its stake in Gulfport Energy Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 140,858 shares of the company’s stock worth $3,461,000 after buying an additional 800 shares in the last quarter. Comerica Bank increased its stake in Gulfport Energy Corp. by 1.4% in the fourth quarter. Comerica Bank now owns 80,971 shares of the company’s stock worth $1,940,000 after buying an additional 1,104 shares in the last quarter. Russell Frank Co increased its stake in Gulfport Energy Corp. by 0.5% in the fourth quarter. Russell Frank Co now owns 228,958 shares of the company’s stock worth $5,284,000 after buying an additional 1,250 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Gulfport Energy Corp. by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 126,315 shares of the company’s stock worth $3,104,000 after buying an additional 2,751 shares in the last quarter.

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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