Gulfport Energy Corporation (NASDAQ:GPOR) was up 5.4% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $11.82 and last traded at $11.59, with a volume of 6,969,230 shares. The stock had previously closed at $11.00.

The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business’s revenue was up 1052.7% on a year-over-year basis.

A number of analysts have weighed in on GPOR shares. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, July 12th. Scotiabank set a $29.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Monday, May 8th. 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. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, ValuEngine downgraded Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.91.

Several large investors have recently modified their holdings of GPOR. Retirement Systems of Alabama raised its stake in shares of Gulfport Energy Corporation by 2.9% in the first quarter. Retirement Systems of Alabama now owns 384,342 shares of the oil and gas producer’s stock valued at $6,607,000 after buying an additional 10,850 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Gulfport Energy Corporation during the first quarter valued at about $182,000. Gateway Investment Advisers LLC raised its stake in shares of Gulfport Energy Corporation by 11.2% in the first quarter. Gateway Investment Advisers LLC now owns 373,433 shares of the oil and gas producer’s stock valued at $6,419,000 after buying an additional 37,674 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Gulfport Energy Corporation by 3.9% in the first quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the oil and gas producer’s stock valued at $689,000 after buying an additional 1,500 shares during the last quarter. Finally, Skylands Capital LLC bought a new stake in shares of Gulfport Energy Corporation during the first quarter valued at about $550,000. Institutional investors own 88.47% of the company’s stock.

The company’s market capitalization is $2.12 billion. The stock has a 50 day moving average of $13.75 and a 200 day moving average of $16.43.

TRADEMARK VIOLATION NOTICE: “Gulfport Energy Corporation (NASDAQ:GPOR) Trading Up 5.4% on Strong Earnings” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/gulfport-energy-corporation-nasdaqgpor-trading-up-5-4-on-strong-earnings/1466265.html.

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.

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 Analyst Ratings Network's FREE daily email newsletter.