Gulfport Energy Corp Gets a Buy Rating from Scotiabank

By Austin Angelo

Scotiabank analyst Peter Kissel maintained a Buy rating on Gulfport Energy Corp (NASDAQ: GPOR) yesterday and set a price target of $23. The company’s shares opened today at $14.98, close to its 52-week high of $32.50.

According to TipRanks.com, Kissel is ranked 0 out of 5 stars with an average return of -15.7% and a 22.4% success rate. Kissel covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, National Fuel Gas Company, and Evolution Petroleum Corp.

Currently, the analyst consensus on Gulfport Energy Corp is Strong Buy and the average price target is $23, representing a 53.5% upside.

In a report issued on June 21, Piper Jaffray also resumed coverage with a Buy rating on the stock.

The company has a one year high of $32.50 and a one year low of $12.47. Currently, Gulfport Energy Corp has an average volume of 3.95M.

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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.