Jefferies Group LLC set a $20.00 price objective on Gulfport Energy Corporation (NASDAQ:GPOR) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the oil and gas producer’s stock. Jefferies Group also issued estimates for Gulfport Energy Corporation’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.21 EPS.

Several other equities research analysts have also weighed in on GPOR. Williams Capital reiterated a buy rating and set a $27.00 price objective on shares of Gulfport Energy Corporation in a research note on Tuesday, May 9th. Scotiabank set a $29.00 price objective on shares of Gulfport Energy Corporation and gave the stock a buy rating in a research note on Monday, May 8th. KLR Group reiterated a buy rating and set a $22.00 price objective (down previously from $23.00) on shares of Gulfport Energy Corporation in a research note on Wednesday, May 17th. Iberia Capital reiterated an outperform rating and set a $26.00 price objective on shares of Gulfport Energy Corporation in a research note on Wednesday, May 31st. Finally, Stifel Nicolaus dropped their price objective on shares of Gulfport Energy Corporation from $26.00 to $21.00 and set a buy rating on the stock in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $25.14.

Shares of Gulfport Energy Corporation (GPOR) opened at 12.89 on Tuesday. The firm’s market cap is $2.36 billion. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $30.47. The stock’s 50 day moving average price is $12.40 and its 200-day moving average price is $15.01.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $279.59 million. During the same quarter last year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 1052.7% compared to the same quarter last year. On average, equities research analysts anticipate that Gulfport Energy Corporation will post $1.43 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Utah Retirement Systems raised its position in Gulfport Energy Corporation by 0.3% in the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock worth $429,000 after buying an additional 100 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Gulfport Energy Corporation by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,201 shares of the oil and gas producer’s stock worth $399,000 after buying an additional 334 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Gulfport Energy Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 37,541 shares of the oil and gas producer’s stock worth $646,000 after buying an additional 453 shares in the last quarter. Teacher Retirement System of Texas raised its position in Gulfport Energy Corporation by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 520 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 worth $100,000 after buying an additional 712 shares in the last quarter. Institutional investors and hedge funds own 86.78% 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.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

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