Gulfport Energy Corporation (GPOR) Stock Rating Upgraded by Zacks Investment Research

Gulfport Energy Corporation (NASDAQ:GPOR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $16.00 price target on the oil and gas producer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.81% from the company’s previous close.

According to Zacks, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential. “

GPOR has been the topic of several other reports. Piper Jaffray Companies restated an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Scotiabank restated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Pacific Crest restated an “overweight” rating and set a $28.00 target price on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Finally, KeyCorp restated a “buy” rating and set a $18.00 target price on shares of Gulfport Energy Corporation in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. Gulfport Energy Corporation has a consensus rating of “Buy” and an average price target of $23.73.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm 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. The firm’s revenue for the quarter was up 1052.7% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: “Gulfport Energy Corporation (GPOR) Stock Rating Upgraded by Zacks Investment Research” was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.truebluetribune.com/2017/10/13/gulfport-energy-corporation-gpor-stock-rating-upgraded-by-zacks-investment-research.html.

Several hedge funds have recently modified their holdings of GPOR. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Gulfport Energy Corporation by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 712 shares during the period. Riverhead Capital Management LLC raised its holdings in Gulfport Energy Corporation by 76.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 4,153 shares during the period. World Asset Management Inc acquired a new position in Gulfport Energy Corporation in the 2nd quarter worth about $150,000. LS Investment Advisors LLC raised its holdings in Gulfport Energy Corporation by 25.1% in the 2nd quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 2,584 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Gulfport Energy Corporation by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 520 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

Receive News & Ratings for Gulfport Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply