Goldman Sachs Group Inc. started coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Gulfport Energy Corp. (NASDAQ:GPOR) from $70.00 to $75.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Gulfport Energy Corp. (NASDAQ:GPOR) from $62.00 to $73.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital initiated coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research note to investors on Wednesday, September 4th. They set an “overweight” rating and a $71.00 price target on the stock. They noted that the move was a valuation call.
One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Gulfport Energy Corp. presently has an average rating of “Buy” and an average price target of $72.75.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 61.51 on Tuesday. Gulfport Energy Corp. has a 52 week low of $28.52 and a 52 week high of $64.73. The stock’s 50-day moving average is $58.13 and its 200-day moving average is $51.07. The company has a market cap of $4.770 billion and a P/E ratio of 38.96.
Gulfport Energy Corp. (NASDAQ:GPOR) last released its earnings data on Tuesday, August 6th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.42. The company had revenue of $70.43 million for the quarter, compared to the consensus estimate of $66.12 million. During the same quarter last year, the company posted $0.45 earnings per share. Gulfport Energy Corp.’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Gulfport Energy Corp. will post $0.76 earnings per share for the current fiscal year.
Gulfport Energy Corporation (NASDAQ:GPOR) is an independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast in the West Cote Blanche Bay, or WCBB, and Hackberry fields, and in West Texas in the Permian Basin.
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