In a report released today, Tim Rezvan from Oppenheimer maintained a Buy rating on Gulfport Energy Corp (GPOR), with a price target of $15. The company’s shares closed yesterday at $7.67.
Rezvan noted:
“We sat down with new CEO David Wood on Tuesday. We did not get a lot of granularity, which is not surprising, given he has been in the role for three weeks. But he did provide frank commentary on measured growth aspirations, as well as operating efficiencies and cost reductions he expects to see from his field teams. CEO Wood also spoke about wanting to see more SCOOP data points to better understand full development opportunities in Oklahoma. On the modeling front, we now assume $90 million of repurchases occurred in 4Q18 and adjust shares outstanding and EPS estimates accordingly. We expect Gulfport to provide its 2019 budget and updated guidance by the end of January.”
According to TipRanks.com, Rezvan is a 2-star analyst with an average return of 0.0% and a 48.2% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Par Pacific Holdings, and Oasis Petroleum Inc.
Currently, the analyst consensus on Gulfport Energy Corp is a Moderate Buy with an average price target of $12.07.
See today’s analyst top recommended stocks >>
Gulfport Energy Corp’s market cap is currently $1.33B and has a P/E ratio of 3.02. The company has a Price to Book ratio of 0.40.
Based on the recent corporate insider activity of 31 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. 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.
