Gulfport Energy Corp Receives a Buy from Jefferies

By Carrie Williams

Jefferies analyst Michael Hsu reiterated a Buy rating on Gulfport Energy Corp (NASDAQ: GPOR) today and set a price target of $20. The company’s shares opened today at $16.21, close to its 52-week low of $14.77.

According to TipRanks.com, Hsu is a 1-star analyst with an average return of -4.5% and a 31.6% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Continental Resources, and Range Resources Corp.

Currently, the analyst consensus on Gulfport Energy Corp is Moderate Buy and the average price target is $25.14, representing a 55.1% upside.

In a report issued on May 8, Scotiabank also maintained a Buy rating on the stock with a $29 price target.

The company has a one year high of $34.67 and a one year low of $14.77. Currently, Gulfport Energy Corp has an average volume of 3.87M.

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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.