Jefferies Thinks Gulfport Energy Corp’s Stock is Going to Recover

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 $11.64, close to its 52-week high of $30.47.

According to, Hsu is ranked 0 out of 5 stars with an average return of -20.2% and a 13.3% 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 Strong Buy and the average price target is $20.88, representing a 79.4% upside.

In a report issued on August 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $18 price target.

Based on Gulfport Energy Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $259 million and quarterly net profit of $106 million. In comparison, last year the company earned revenue of $109 million and had a GAAP net loss of $340 million.

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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.