Gulfport Energy (NASDAQ:GPOR) was upgraded by J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued on Friday. The firm currently has a $18.00 price objective on the oil and gas producer’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 49.63% from the company’s current price.

GPOR has been the topic of a number of other research reports. Barclays cut shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a research report on Monday, November 20th. Credit Suisse Group initiated coverage on shares of Gulfport Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $15.00 price target on the stock. Williams Capital set a $18.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Monday, November 27th. Piper Jaffray Companies reduced their price target on shares of Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Finally, Scotiabank reissued a “buy” rating and set a $23.00 price target on shares of Gulfport Energy in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. Gulfport Energy currently has an average rating of “Buy” and a consensus price target of $21.57.

Gulfport Energy (NASDAQ GPOR) traded down $0.16 during midday trading on Friday, reaching $12.03. 5,870,000 shares of the company’s stock were exchanged, compared to its average volume of 3,440,000. Gulfport Energy has a 52 week low of $10.90 and a 52 week high of $23.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $2,200.00, a PE ratio of 9.18, a P/E/G ratio of 0.30 and a beta of 0.69.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The company had revenue of $265.50 million during the quarter, compared to analyst estimates of $302.33 million. During the same period in the previous year, the company earned $0.16 EPS. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. equities research analysts anticipate that Gulfport Energy will post 1.36 EPS for the current fiscal year.

In related news, Director Paul D. Westerman purchased 10,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the director now directly owns 15,488 shares of the company’s stock, valued at approximately $197,472. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GPOR. Capstone Asset Management Co. increased its stake in Gulfport Energy by 7.6% in the second quarter. Capstone Asset Management Co. now owns 13,732 shares of the oil and gas producer’s stock valued at $203,000 after purchasing an additional 970 shares during the last quarter. Aperio Group LLC increased its stake in Gulfport Energy by 31.9% in the second quarter. Aperio Group LLC now owns 53,117 shares of the oil and gas producer’s stock valued at $783,000 after purchasing an additional 12,857 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Gulfport Energy by 11.4% in the second quarter. Janney Montgomery Scott LLC now owns 24,260 shares of the oil and gas producer’s stock valued at $358,000 after purchasing an additional 2,484 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Gulfport Energy by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 93,265 shares of the oil and gas producer’s stock valued at $1,374,000 after purchasing an additional 3,094 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in Gulfport Energy in the second quarter valued at approximately $150,000. Institutional investors own 86.93% of the company’s stock.

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Gulfport Energy 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 (NASDAQ:GPOR)

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