Gulfport Energy Corporation (NASDAQ:GPOR) : The consensus on Gulfport Energy Corporation (NASDAQ:GPOR) based on 21 analyst recommendation on the company stock is 1.38, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 16 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Gulfport Energy Corporation (NASDAQ:GPOR) stock is expected to deviate a maximum of $6.39 from the average target price of $37.7 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $56 and the most muted being $32.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Deutsche Bank downgrades its ratings on Gulfport Energy Corporation (NASDAQ:GPOR). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 14, 2016.
Gulfport Energy Corporation (NASDAQ:GPOR): stock turned positive on Tuesday. Though the stock opened at $30.66, the bulls momentum made the stock top out at $32.07 level for the day. The stock recorded a low of $30.66 and closed the trading day at $31.83, in the green by 5.89%. The total traded volume for the day was 2,036,590. The stock had closed at $30.06 in the previous days trading.
In an insider trading activity, The officer (Vice President of Geosciences), of Gulfport Energy Corp, Maier Stuart had unloaded 10,000 shares at $33.35 per share in a transaction on June 20, 2016. The total value of transaction was $333,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.