Gulfport Energy Corp Received its Third Buy in a Row

By Jason Carr

After Scotiabank and Williams Capital assigned a Buy rating to Gulfport Energy Corp in the last month, the company received another Buy, this time from Jefferies. Analyst Michael Hsu reiterated a Buy rating on Gulfport Energy Corp (NASDAQ: GPOR) today and set a price target of $21. The company’s shares closed yesterday at $15.70.

According to TipRanks.com, Hsu is a 1-star analyst with an average return of -4.9% and a 33.3% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Continental Resources, Range Resources Corp, and Oasis Petroleum Inc.

Gulfport Energy Corp has an analyst consensus of Moderate Buy, with a price target consensus of $30.

Based on Gulfport Energy Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $194 million and GAAP net loss of $240 million. In comparison, last year the company earned revenue of $149 million and had a GAAP net loss of $242 million.

Based on the recent corporate insider activity of 22 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. It operates through the following geographical segment: West Cote Blanche Bay, Hackberry, Canadian Oil Sands, Thailand, and Niobrara Shale. Its principal producing properties located along the Louisiana Gulf Coast. The company was founded on July 11, 1997 and is headquartered in Oklahoma City, OK.