Gulfport Energy Corp Gets a Buy from RBC Capital

By Jason Carr

In a report released yesterday, Scott Hanold from RBC Capital reiterated a Buy rating on Gulfport Energy Corp (NASDAQ: GPOR), with a price target of $29. The company’s shares closed yesterday at $16.22.

According to, Hanold is a 1-star analyst with an average return of -1.2% and a 37.2% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Quicksilver Resources Inc.

Currently, the analyst consensus on Gulfport Energy Corp is Moderate Buy and the average price target is $30, representing an 85.0% upside.

In a report issued on April 18, Jefferies also reiterated a Buy rating on the stock with a $21 price target.

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.

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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.