Barclays Reaffirms Their Hold Rating on Gulfport Energy Corp

By Carrie Williams

In a report issued on December 21, Jeffrey Robertson from Barclays maintained a Hold rating on Gulfport Energy Corp (NASDAQ: GPOR), with a price target of $15. The company’s shares closed on Friday at $12.53, close to its 52-week low of $10.90.

According to TipRanks.com, Robertson is a 4-star analyst with an average return of 4.0% and a 51.6% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Vanguard Natural Resources LLC, and CNX Resources Corporation.

Currently, the analyst consensus on Gulfport Energy Corp is Moderate Buy and the average price target is $18.79, representing a 50.0% upside.

In a report issued on December 11, Credit Suisse also initiated coverage with a Hold rating on the stock with a $15 price target.

The company has a one-year high of $22.63 and a one-year low of $10.90. Currently, Gulfport Energy Corp has an average volume of 3.23M.

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.

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.