Gulfport Energy Corporation (NASDAQ:GPOR): 20 Analyst have given the stock of Gulfport Energy Corporation (NASDAQ:GPOR) a near short term price target of $37. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $7.33. The higher price target estimate is at $56 while the lower price estimates are fixed at $21.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Alembic downgrades its ratings on Gulfport Energy Corporation (NASDAQ:GPOR). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on April 5, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities,The officer (VP of Reservoir Engineering) of Gulfport Energy Corp, Baldwin Steve sold 10,000 shares at $32 on June 7, 2016. The Insider selling transaction had a total value worth of $320,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Gulfport Energy Corporation (NASDAQ:GPOR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.57 points or 1.74% at $32.12 with 1,457,278 shares getting traded. Post opening the session at $32.23, the shares hit an intraday low of $31.96 and an intraday high of $32.91 and the price was in this range throughout the day. The company has a market cap of $4,026 million and the number of outstanding shares have been calculated to be 125,340,894 shares. The 52-week high of Gulfport Energy Corporation (NASDAQ:GPOR) is $45.66 and the 52-week low is $20.21.
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. It has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Companys principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand.