A report released today by KeyBanc Capital Markets about Gulfport Energy Corporation (NASDAQ:GPOR) lowers the target price to $35.00
- Updated: September 17, 2016
Gulfport Energy Corporation (NASDAQ:GPOR) had its target price reduced to $35 by KeyBanc Capital Markets in an issued report announced Monday August 22 2016. The updated target price implies a possible upside of 0.31% based on the company’s last stock close price.
Showing a price of $26.65, Gulfport Energy Corporation (NASDAQ:GPOR) traded 5.71% lower on the day. With the last stock close down 8.45% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. GPOR has registered a 50-day average of $28.01 and two hundred day average of $29.21. Trade volume was was up over the average, with 4,665,071 shares of GPOR changing hands over the typical 2,460,370 shares.
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Gulfport Energy Corporation has a one-year low of $20.21 and a 52 week high of $36.12 and has a market cap of $0.0.
A total of 27 brokers have released a report on GPOR. Six firms rate the stock a strong buy, 16 analysts rate the stock a buy, eight analyts rate the stock a hold, 0 rate the stock to underperform, and lastly 0 analystsrate the company as sell with a consensus target of $35.11
About Gulfport Energy Corporation (NASDAQ:GPOR)
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has 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 interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and and interests in an entity that operates in the Phu Horm gas field in Thailand.
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