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Gulfport Energy Corporation (NASDAQ:GPOR) stock price target increased to $24.00, issued a research note today by GMP Securities

In a report released on Wednesday September 28, 2016 GMP Securities increased the stock price target of Gulfport Energy Corporation (NASDAQ:GPOR) to $24.00 reporting a possible downside of -0.09%.

Just yesterday Gulfport Energy Corporation (NASDAQ:GPOR) traded 3.48% higher at $26.25. Gulfport Energy Corporation’s 50-day moving average is $27.87 and its 200-day moving average is $29.31. The last stock price is down -3.61% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,588,277 shares of GPOR traded hands, down from an average trading volume of 2,723,860

Recent Performance Chart

Gulfport Energy Corporation (NASDAQ:GPOR)

Gulfport Energy Corporation has 52 week low of $20.21 and a 52 week high of $36.12 and has a market capitalization of $0.

In addition to GMP Securities reporting its stock price target, a total of 27 brokerages have issued a ratings update on the company. The average stock price target is $35.11 with 6 brokerages rating the stock a strong buy, 16 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

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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