Gulfport Energy (GPOR) Given a $18.00 Price Target at Oppenheimer

Gulfport Energy (NASDAQ:GPOR) has been assigned a $18.00 price objective by research analysts at Oppenheimer in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Oppenheimer’s price objective suggests a potential upside of 69.65% from the company’s previous close.

Several other equities analysts also recently commented on GPOR. Williams Capital set a $16.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research report on Thursday. Seaport Global Securities restated a “neutral” rating on shares of Gulfport Energy in a research report on Friday, September 7th. Zacks Investment Research upgraded Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday. BidaskClub upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Finally, TheStreet upgraded Gulfport Energy from a “d+” rating to a “c” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $14.95.

Shares of Gulfport Energy stock opened at $10.61 on Friday. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $14.42. The stock has a market capitalization of $1.90 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.35 and a beta of 0.32. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Gulfport Energy had a return on equity of 9.69% and a net margin of 30.30%. The business had revenue of $252.74 million for the quarter, compared to the consensus estimate of $329.40 million. During the same period in the previous year, the business earned $0.33 earnings per share. The business’s revenue was down 22.0% on a year-over-year basis. On average, equities research analysts anticipate that Gulfport Energy will post 1.56 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of GPOR. Acadian Asset Management LLC bought a new stake in shares of Gulfport Energy in the second quarter worth about $101,000. Element Capital Management LLC bought a new stake in shares of Gulfport Energy in the first quarter worth about $140,000. Sigma Planning Corp bought a new stake in shares of Gulfport Energy in the second quarter worth about $154,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Gulfport Energy in the second quarter worth about $170,000. Finally, Advisors Preferred LLC bought a new stake in shares of Gulfport Energy in the second quarter worth about $221,000. 96.93% of the stock is currently owned by hedge funds and other institutional investors.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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