Gulfport Energy Corporation (NASDAQ:GPOR) has been upgraded to Buy in a report by Goldman Sachs Group Inc. today.
- Updated: October 17, 2016
Goldman Sachs Group Inc. has upgraded Gulfport Energy Corporation (NASDAQ:GPOR) to Buy in a report released on Tuesday October 18, 2016.
Previously on 10/11/2016, Zacks Investment Research reported on Gulfport Energy Corporation (NASDAQ:GPOR) increased the target price from $0.00 to $33.00. At the time, this indicated a possible upside of 0.11%.
Yesterday Gulfport Energy Corporation (NASDAQ:GPOR) traded 1.45% higher at $27.61. The company’s 50-day moving average is $28.48 and its 200-day moving average is $29.36. The last closing price is down -4.61% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 288,847 shares of GPOR changing hands under the typical 2,733,850
Recent Performance Chart
Gulfport Energy Corporation has with a one year low of $20.21 and a one year high of $34.67 and has a market capitalization of $0.
A total of 27 analysts have released a report on Gulfport Energy Corporation. Six analysts rating the company a strong buy, sixteen analysts rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $35.11.
Brief Synopsis On 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 interests in an entity that operates in the Phu Horm gas field in Thailand.
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