Should Investors Be Buying Gulfport Energy Corporation (NASDAQ:GPOR) Shares? Jefferies & Co Upgrades The Stock

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Gulfport Energy Corporation (NASDAQ:GPOR) Stock Upgrade

Gulfport Energy Corporation (NASDAQ:GPOR) was raised by Jefferies & Co from a “Buy” rating to a more respectable “Franchise Pick List” rating in a recent report finalized earlier today. They currently have a $36.00 price target on the stock, which means a possible upside of 42.69% from the current price of the stock.

From a total of 28 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR) stock, 27 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 87% of the ratings are positive. The highest target price is $60 while the lowest target price is $25. The mean of all analyst targets is $44.46 with a 90.30% above today’s ($25.26) stock price. Gulfport Energy Corporation was the topic of 18 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 11 to “Neutral” rating. Topeka Capital Markets maintained shares with “Buy” rating and $50 target share price in a report from a July 27. FBR Capital maintained GPOR stock in a recent report from August 7 with “Outperform” rating. Finally, Northland Capital maintained the stock with “Outperform” rating in a report issued on a July 28.

Approximately 671,031 shares of stock traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 48.63% since April 30, 2015 and is downtrending. It has underperformed by 48.34% the S&P500.

Gulfport Energy Corporation is an independent oil and natural gas exploration and production firm focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. The company has a market cap of $2.71 billion. It has developed 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. It currently has negative earnings. 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.

According to Zacks Investment Research, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential.” Get a free copy of the Zacks research report on Gulfport Energy Corporation (GPOR).

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