Gulfport Energy Corporation (GPOR) : Zacks Investment Research ranks Gulfport Energy Corporation (GPOR) as 2, which is a Buy recommendation. 16 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 1.38, which indicates as a Strong Buy.
Gulfport Energy Corporation (GPOR) has been rated by 20 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $56 and the lowest price target forecast is $32. The average forecast of all the analysts is $37.95 and the expected standard deviation is $6.38.
For the current week, the company shares have a recommendation consensus of Buy.
Gulfport Energy Corporation (NASDAQ:GPOR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.72 and $31.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.02, notching a gain of 2.86% for the day. The total traded volume was 1,683,059 . The stock had closed at $31.13 on the previous day.
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.