Revenue Update on Gulfport Energy Corporation(NASDAQ:GPOR)

Gulfport Energy Corporation(NASDAQ:GPOR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $0.24. Analysts had estimated an EPS of $0.08.

In a different note, Wolfe Research said it Initiates Coverage on Gulfport Energy Corporation, according to a research note issued on Jul 26, 2016. The shares have been rated ‘Peer Perform’ by the firm. On Jul 8, 2016, Piper Jaffray said it Assumes its rating on Gulfport Energy Corporation. The shares have been rated ‘Overweight’ by the firm. On Jun 27, 2016, Wunderlich said it Maintains its rating on Gulfport Energy Corporation. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 14, 2016, Deutsche Bank said it Downgrades its rating on Gulfport Energy Corporation. The shares have been rated ‘Hold’ by the firm.

Gulfport Energy Corporation (GPOR) remained unchanged at the close of Friday session. Even as the volume increased to 14,28,563 ,the shares failed to make any impression and ended at 0 points or 0.00% at $26.95. The trading session commenced at $26.96 and the stock hit a high of $27.2 and touched $26.81 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $36.66 and the 52-week low is $20.21. The company has a market cap of $3,379 M and has approximately 12,53,67,167 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Stuart Maier (Vice President of Geosciences) sold 10,000 shares at $33.35 per share price.Also, On Jun 17, 2016, Michael G Moore (President & CEO) sold 20,000 shares at $32.95 per share price.On Jun 9, 2016, Steve Baldwin (VP of Reservoir Engineering) sold 10,000 shares at $32.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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