Oppenheimer analyst Tim Rezvan maintained a Buy rating on Gulfport Energy Corp (NASDAQ: GPOR) today and set a price target of $18. The company’s shares closed yesterday at $10.61.
Rezvan said:
“After the close, Gulfport reported strong 3Q18 production/pricing, relative to our estimates. Of note was stronger natural gas production/pricing in the quarter. We expect a modest positive reaction to this news, which shows that execution in both core areas remains strong.”
According to TipRanks.com, Rezvan is a 3-star analyst with an average return of 3.6% and a 51.0% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Oasis Petroleum Inc, and Carrizo Oil & Gas.
Currently, the analyst consensus on Gulfport Energy Corp is a Moderate Buy with an average price target of $15.67, implying a 47.7% upside from current levels. In a report issued on October 8, Piper Jaffray also maintained a Buy rating on the stock with a $13 price target.
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The company has a one-year high of $14.42 and a one-year low of $8.11. Currently, Gulfport Energy Corp has an average volume of 3.34M.
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Gulfport Energy Corp. is an independent oil natural gas exploration and production company. It focuses on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids, and crude oil in the United States. Its principal producing properties located along the Louisiana Gulf Coast.
