Price Target Update on Gulfport Energy Corporation (NASDAQ:GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) : 20 Wall Street analysts covering Gulfport Energy Corporation (NASDAQ:GPOR) believe that the average level the stock could reach for the short term is $37.7. The maximum price target given is $56 and the minimum target for short term is around $32, hence the standard deviation is calculated at $6.39.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, downgrades their rating on the shares of Gulfport Energy Corporation (NASDAQ:GPOR). Deutsche Bank has a Hold rating on the shares. 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): On Thursdays trading session , Opening price of the stock was $33.22 with an intraday high of $33.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $32.42. However, the stock managed to close at $32.55, a loss of 0.91% for the day. On the previous day, the stock had closed at $32.85. The total traded volume of the day was 2,099,030 shares.

The company shares have dropped -19.23% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $41.90 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $30.86 and the 200 Day Moving Average price is recorded at $27.48. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Moore Michael G, director officer (President & CEO) of Gulfport Energy Corp, had unloaded 20,000 shares at an average price of $32.95 in a transaction dated on June 15, 2016. The total value of the transaction was worth $659,000.

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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