Gulfport Energy Corporation (GPOR) Trading 5.6% Higher

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded up 5.6% on Tuesday . The company traded as high as $13.24 and last traded at $13.08. 3,552,033 shares traded hands during trading, a decline of 16% from the average session volume of 4,251,530 shares. The stock had previously closed at $12.39.

A number of analysts recently weighed in on the stock. Piper Jaffray Companies restated an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Zacks Investment Research lowered shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. 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 shares of Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $25.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. Gulfport Energy Corporation presently has a consensus rating of “Buy” and a consensus target price of $25.14.

The stock has a 50-day moving average price of $12.26 and a 200 day moving average price of $14.66. The firm’s market cap is $2.45 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $279.59 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue was up 1052.7% on a year-over-year basis. Equities research analysts predict that Gulfport Energy Corporation will post $1.41 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Energy Opportunities Capital Management LLC lifted its holdings in shares of Gulfport Energy Corporation by 0.9% in the second quarter. Energy Opportunities Capital Management LLC now owns 251,230 shares of the oil and gas producer’s stock valued at $3,706,000 after buying an additional 2,250 shares during the period. Sterling Capital Management LLC acquired a new position in Gulfport Energy Corporation during the second quarter valued at $2,519,000. Wafra Investment Advisory Group Inc. NY raised its position in Gulfport Energy Corporation by 1.9% during the second quarter. Wafra Investment Advisory Group Inc. NY now owns 904,076 shares of the oil and gas producer’s stock valued at $13,335,000 after buying an additional 17,082 shares during the period. The Manufacturers Life Insurance Company raised its position in Gulfport Energy Corporation by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 234,703 shares of the oil and gas producer’s stock valued at $3,462,000 after buying an additional 4,386 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Gulfport Energy Corporation by 28,700.0% during the second quarter. Cubist Systematic Strategies LLC now owns 14,400 shares of the oil and gas producer’s stock valued at $212,000 after buying an additional 14,350 shares during the period. Institutional investors and hedge funds own 86.78% of the company’s stock.

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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.

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