Gulfport Energy Corporation (NASDAQ:GPOR) had its price objective lowered by Piper Jaffray Companies from $21.00 to $18.00 in a research note released on Monday morning. The firm currently has an overweight rating on the oil and gas producer’s stock.

A number of other analysts also recently commented on GPOR. Iberia Capital reiterated an outperform rating and issued a $26.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, May 31st. Stifel Nicolaus dropped their target price on shares of Gulfport Energy Corporation from $26.00 to $21.00 and set a buy rating on the stock in a report on Wednesday, May 31st. ValuEngine downgraded shares of Gulfport Energy Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $25.00 target price on shares of Gulfport Energy Corporation and gave the stock a buy rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Gulfport Energy Corporation from a strong sell rating to a sell rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $24.46.

Shares of Gulfport Energy Corporation (NASDAQ GPOR) opened at 13.78 on Monday. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47. The company’s 50-day moving average is $12.27 and its 200-day moving average is $14.51. The firm’s market cap is $2.52 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The business 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 firm earned $0.24 EPS. The business’s revenue for the quarter was up 1052.7% on a year-over-year basis. On average, equities research analysts forecast that Gulfport Energy Corporation will post $1.41 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of GPOR. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 712 shares during the last quarter. Elkfork Partners LLC lifted its stake in Gulfport Energy Corporation by 38.4% in the first quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock valued at $115,000 after acquiring an additional 1,848 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Gulfport Energy Corporation by 76.9% in the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock valued at $141,000 after acquiring an additional 4,153 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in Gulfport Energy Corporation by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock valued at $146,000 after acquiring an additional 2,352 shares during the last quarter. Finally, World Asset Management Inc acquired a new stake in Gulfport Energy Corporation in the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

About Gulfport Energy Corporation

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.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

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