KeyCorp Reiterates Buy Rating for Gulfport Energy Corporation (GPOR)
Gulfport Energy Corporation (NASDAQ:GPOR)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a research note issued on Tuesday. They currently have a $18.00 price objective on the oil and gas producer’s stock. KeyCorp’s target price indicates a potential upside of 30.62% from the stock’s current price.
Several other equities research analysts also recently issued reports on GPOR. Imperial Capital began coverage on Gulfport Energy Corporation in a report on Tuesday. They set an “outperform” rating and a $19.00 price objective on the stock. BidaskClub upgraded Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Williams Capital set a $21.00 price objective on Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus dropped their price objective on Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 14th. Finally, Piper Jaffray Companies dropped their price objective on Gulfport Energy Corporation from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company. Gulfport Energy Corporation presently has an average rating of “Buy” and a consensus price target of $24.46.
Gulfport Energy Corporation (NASDAQ GPOR) opened at 13.78 on Tuesday. Gulfport Energy Corporation has a one year low of $10.90 and a one year high of $30.47. The firm’s market capitalization is $2.52 billion. The company has a 50-day moving average price of $12.27 and a 200-day moving average price of $14.51.
Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The company had revenue of $323.90 million for the quarter, compared to the consensus estimate of $279.59 million. During the same period in the previous year, the business earned $0.24 EPS. Gulfport Energy Corporation’s revenue for the quarter was up 1052.7% compared to the same quarter last year. On average, equities research analysts anticipate that Gulfport Energy Corporation will post $1.41 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Fondren Management LP acquired a new position in Gulfport Energy Corporation during the 2nd quarter worth $295,000. Energy Opportunities Capital Management LLC boosted its position in Gulfport Energy Corporation by 0.9% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 251,230 shares of the oil and gas producer’s stock worth $3,706,000 after acquiring an additional 2,250 shares during the period. Sterling Capital Management LLC acquired a new position in Gulfport Energy Corporation during the 2nd quarter worth $2,519,000. Wafra Investment Advisory Group Inc. NY boosted its position in Gulfport Energy Corporation by 1.9% during the 2nd quarter. Wafra Investment Advisory Group Inc. NY now owns 904,076 shares of the oil and gas producer’s stock worth $13,335,000 after acquiring an additional 17,082 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Gulfport Energy Corporation by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 234,703 shares of the oil and gas producer’s stock worth $3,462,000 after acquiring an additional 4,386 shares during the period. Institutional investors own 86.65% of the company’s stock.
Gulfport Energy Corporation Company Profile
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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