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Tuesday, October 27, 2020

Is Now the Time to Invest in Gulfport Energy Corporation (NASDAQ:GPOR)?

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Gulfport Energy Corporation (GPOR) shares are trading at lower $0.51 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $1.06.

To add more color to this target, the company’s high over the last year is $3.88 and the low is $0.35. Over the last 52 weeks, GPOR is down -81.68% while the S&P 500 is up 18.95%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GPOR reported a profit of $113.12 million. Gulfport Energy Corporation also saw revenues increase to $132.41 million. In addition, GPOR has free cash flow of -$28.2 million as of 06-2020. The company’s EBITDA came in at -$490.96 million which compares well with its peers.

GPOR Return on Equity (ROE) is -247.80%, and its Return on Assets is -86.80%. All told, it is clear that, GPOR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GPOR has a short ratio of 4.97 and outstanding shares of 159.93M.

Company Outlook

GPOR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 14.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -21.15. Gulfport Energy Corporation GPOR also noted assets of $2.58 billion at the end of the last quarter. Investors should also keep an eye on sector updates as GPOR has historically followed its peers on positive news.

All told, Gulfport Energy Corporation GPOR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GPOR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Gulfport Energy Corporation GPOR is now commanding a market cap of 82.29M and a float of 143.15M. GPOR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GPOR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GPOR, either long or short, and we have not been compensated for this article.

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