Morgan Stanley Increases Gulfport Energy Corporation (GPOR) Price Target to $13.00

Gulfport Energy Corporation (NASDAQ:GPOR) had its target price hoisted by analysts at Morgan Stanley from $12.00 to $13.00 in a report issued on Wednesday, October 18th. The brokerage presently has an “underweight” rating on the oil and gas producer’s stock. Morgan Stanley’s price target points to a potential downside of 3.56% from the stock’s previous close.

GPOR has been the subject of a number of other research reports. Piper Jaffray Companies restated an “overweight” rating on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. Zacks Investment Research cut Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Scotiabank reiterated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a report on Friday, June 30th. BidaskClub cut Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Pacific Crest restated an “overweight” rating and set a $28.00 price objective on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $22.83.



Gulfport Energy Corporation (GPOR) opened at 13.48 on Wednesday. The firm’s market capitalization is $2.46 billion. The firm has a 50-day moving average price of $13.91 and a 200 day moving average price of $14.04. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $29.92.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The business’s revenue for the quarter was up 1052.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Analysts forecast that Gulfport Energy Corporation will post $1.39 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 712 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Gulfport Energy Corporation by 76.9% during the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 4,153 shares during the last quarter. World Asset Management Inc purchased a new position in Gulfport Energy Corporation during the second quarter worth about $150,000. LS Investment Advisors LLC boosted its holdings in Gulfport Energy Corporation by 25.1% during the second quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 2,584 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Gulfport Energy Corporation by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 520 shares during the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Gulfport Energy Corporation (NASDAQ:GPOR)

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