Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Gulfport Energy Corp (GPOR) on May 3 and set a price target of $12. The company’s shares closed yesterday at $7.04, close to its 52-week low of $6.18.
According to TipRanks.com, Sorbara is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.4% and a 35.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Extraction Oil & Gas, Oasis Petroleum Inc, and Carrizo Oil & Gas.
The word on The Street in general, suggests a Hold analyst consensus rating for Gulfport Energy Corp with a $9.50 average price target, representing a 34.9% upside. In a report released yesterday, Piper Jaffray also maintained a Buy rating on the stock with a $11 price target.
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Based on Gulfport Energy Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $62.24 million. In comparison, last year the company had a net profit of $90.09 million.
Based on the recent corporate insider activity of 28 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.
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Gulfport Energy Corp. is an independent oil natural gas exploration and production company. The company 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.
