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Downgrade Alert for Gulfport Energy (GPOR)

By Nick Russo

Gulfport Energy (NASDAQ:GPOR) was downgraded from Buy to Accumulate at KLR Group today. The stock closed yesterday at $32.12 on volume of 1.5 million shares, below average daily volume of 2.2 million.

Gulfport Energy Corporation owns and operates oil and gas properties in the Louisiana Gulf Coast area of the United States.

Gulfport Energy (NASDAQ:GPOR) has potential upside of 36.6% based on a current price of $32.12 and analysts' consensus price target of $43.86. Gulfport Energy shares have support at the 200-day moving average (MA) of $29.03 and additional support at the 50-day MA of $27.92.

In the past 52 weeks, Gulfport Energy share prices have been bracketed by a low of $20.21 and a high of $52.28 and closed yesterday at $32.12, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Gulfport Energy on March 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.08. Since that recommendation, shares of Gulfport Energy have risen 16.4%. We continue to monitor GPOR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades gulfport energy

Ticker(s): GPOR