Gulfport Energy Corporation (GPOR) : Analyst Rating Update

Gulfport Energy Corporation (GPOR) : 21 analysts are covering Gulfport Energy Corporation (GPOR) and their average rating on the stock is 1.38, which is read as a Strong Buy. 16 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Gulfport Energy Corporation (GPOR) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Gulfport Energy Corporation (GPOR) : 20 Wall Street analysts covering Gulfport Energy Corporation (GPOR) believe that the average level the stock could reach for the short term is $37.95. The maximum price target given is $56 and the minimum target for short term is around $32, hence the standard deviation is calculated at $6.38.

Gulfport Energy Corporation (NASDAQ:GPOR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.34 and $30.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.60, notching a gain of 0.56% for the day. The total traded volume was 1,705,896 . The stock had closed at $30.43 on the previous day.

Also, Brokerage firm Wunderlich maintains its rating on Gulfport Energy Corporation (NASDAQ:GPOR). As per the latest information, the brokerage house raises the price target to $40 per share from a prior target of $35. The shares have been rated Buy. The rating by the firm was issued on June 27, 2016. The company shares have dropped -19.45% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $39.92 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $31.44 and the 200 Day Moving Average price is recorded at $28.13.

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.

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