J P Morgan Chase & Co lowered shares of Gulfport Energy Corporation (NASDAQ:GPOR) from an overweight rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have $17.00 target price on the oil and gas producer’s stock, down from their prior target price of $22.00.
A number of other analysts also recently weighed in on the company. Scotiabank reiterated a buy rating and set a $29.00 price target on shares of Gulfport Energy Corporation in a report on Monday, March 27th. Barclays PLC reiterated an overweight rating and set a $28.00 price target (down from $30.00) on shares of Gulfport Energy Corporation in a report on Saturday, April 22nd. Williams Capital reiterated a buy rating on shares of Gulfport Energy Corporation in a report on Thursday, March 23rd. Stifel Nicolaus started coverage on Gulfport Energy Corporation in a report on Thursday, March 23rd. They set a buy rating and a $26.00 price target for the company. Finally, BidaskClub upgraded Gulfport Energy Corporation from a strong sell rating to a sell rating in a report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $26.78.
Gulfport Energy Corporation (NASDAQ GPOR) opened at 13.22 on Thursday. The company’s market capitalization is $2.42 billion. Gulfport Energy Corporation has a 12-month low of $12.47 and a 12-month high of $30.47. The firm’s 50-day moving average price is $13.82 and its 200 day moving average price is $16.92.
Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.14. The business had revenue of $333 million for the quarter, compared to analyst estimates of $224.93 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue was up 112.2% on a year-over-year basis. On average, analysts expect that Gulfport Energy Corporation will post $1.36 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Gulfport Energy Corporation by 54.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 2,143 shares in the last quarter. Elkfork Partners LLC raised its stake in shares of 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 buying an additional 1,848 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of 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 buying an additional 2,352 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Gulfport Energy Corporation by 38.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock valued at $177,000 after buying an additional 2,856 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Gulfport Energy Corporation by 20.5% in the first quarter. LS Investment Advisors LLC now owns 10,285 shares of the oil and gas producer’s stock valued at $177,000 after buying an additional 1,747 shares during the last quarter. 88.02% of the stock is currently owned by hedge funds and other institutional investors.
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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