Today’s big question for investors is, “what’s going on with Gulfport Energy Corporation (NASDAQ:GPOR) stock? Its price is jumping 0.03 points, trading at $1.25 levels, and is up 2.87% from its previous close of $1.22. The shares seem to have an active trading volume day with a reported 1215915 contracts so far this session. GPOR shares had a relatively better volume day versus average trading capacity of 5.08 million shares, but with a 0.14 billion float and a -15.28% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for GPOR stock indicates that the average analyst price target is $3.17 per share. This means the stock has a potential increase of 153.6% from where the GPOR share price has been trading recently.
During the recent trading session for Gulfport Energy Corporation (NASDAQ:GPOR), the company witnessed their stock drop by $-0.11 over a week and tumble down $-0.8 from the price 20 days ago. When compared to their established 52-week high of $8.35, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/26/19. The recent low of $1.06 stood for a -84.97% since 11/02/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.85 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Gulfport Energy Corporation, the two-week RSI stands at 31.27. This figure suggests that GPOR stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current GPOR readings is similarly very revealing as it has a stochastic reading of 25.9% at this stage. This figure means that GPOR share price today is being overbought.
Technical chart claims that Gulfport Energy Corporation (GPOR) would settle between $1.27/share to $1.33/share level. However, if the stock price goes below the $1.18 mark, then the market for Gulfport Energy Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $1.15 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.06. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Piper Sandler lowered their recommendation on shares of GPOR from Overweight to Neutral in their opinion released on February 11. Wells Fargo analysts have lowered their rating of Gulfport Energy Corporation (NASDAQ:GPOR) stock from Equal Weight to Underweight in a separate flash note issued to investors on January 09. Analysts at SunTrust lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to November 15.
GPOR equity has an average rating of 2.8, with the figure leaning towards a bullish end. 17 analysts who tracked the company were contacted by Reuters. Amongst them, 9 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 5 analysts rated Gulfport Energy Corporation (NASDAQ:GPOR) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, GPOR stock price is currently trading at 7.72X forward 12-month Consensus EPS estimates, and its P/E ratio is 0.5 while for the average stock in the same group, the multiple is 14.3. Gulfport Energy Corporation current P/B ratio of 0.1 means it is trading at a discount against its industry’s 1.2.
Gulfport Energy Corporation (GPOR)’s current-quarter revenues are projected to climb by nearly -25.2% to hit $311300, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 0.7% from $1.36 billion to a noteworthy $1.36 billion. At the other end of the current quarter income statement, Gulfport Energy Corporation is expected to see its adjusted earnings surge by roughly -60.9% to hit $0.18 per share. For the fiscal year, GPOR’s earnings are projected to climb by roughly -47% to hit $0.97 per share.