Gulfport Energy Corp Received its Third Buy in a Row

After Williams Capital and Jefferies gave Gulfport Energy Corp (NASDAQ: GPOR) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst David Deckelbaum maintained a Buy rating on Gulfport Energy Corp today and set a price target of $13. The company’s shares closed yesterday at $10.59.

According to TipRanks.com, Deckelbaum ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.5% and a 35.1% success rate. Deckelbaum covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Oasis Petroleum Inc, and Eclipse Resources.

Currently, the analyst consensus on Gulfport Energy Corp is Strong Buy and the average price target is $14.42, representing a 36.2% upside.

In a report issued on May 15, Jefferies also maintained a Buy rating on the stock with a $15 price target.

See today’s analyst top recommended stocks >>

Based on Gulfport Energy Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $90.09 million. In comparison, last year the company had a net profit of $154 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPOR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gulfport Energy Corp. is an independent oil, natural gas exploration, and production company, which focuses on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids, and crude oil in the United States.