Gulfport Energy Corporation (GPOR) was Reiterated by Scotia Howard Weil to “Sector Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $33 . Scotia Howard Weil advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Gulfport Energy Corporation. Gulfport Energy Corporation was Downgraded by Alembic Global Advisors to ” Neutral” on Apr 5, 2016. RBC Capital Mkts Resumed Gulfport Energy Corporation on Mar 18, 2016 to “Outperform”, Price Target of the shares are set at $34.Shares were Reiterated by Topeka Capital Markets on Mar 10, 2016 to “Buy” and Lowered the Price Target to $ 36 from a previous price target of $38 .
On the company’s financial health, Gulfport Energy Corporation reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.11. The company had revenue of $156.96 million for the quarter, compared to analysts expectations of $170.68 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.08 EPS.
Gulfport Energy Corporation opened for trading at $27.97 and hit $29.32 on the upside on Friday, eventually ending the session at $28.68, with a gain of 2.72% or 0.76 points. The heightened volatility saw the trading volume jump to 27,38,727 shares. Company has a market cap of $3,595 M.
In a different news, on Apr 14, 2016, Keri Crowell (Chief Accounting Officer) sold 3,000 shares at $30.00 per share price. According to the SEC, on Apr 14, 2016, Steve Baldwin (VP of Reservoir Engineering) sold 4,000 shares at $30.00 per share price. On Mar 24, 2016, Michael G Moore (President & CEO) sold 22,500 shares at $28.38 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 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.