NEW YORK (TheStreet) -- Gulfport Energy (GPOR - Get Report) stock is plummeting Thursday following its below-consensus earnings report and on numerous analyst downgrades. By late morning, shares had tumbled 18.5% to $59.50.
Over the three months to March, net income of 20 cents a share fell short by a penny, according to analysts surveyed by Thomson Reuters. Revenue of $118 million was under estimates of $123.6 million.
On Thursday, Stifel cut shares to "hold" from "buy," while Global Hunter downgraded the stock to "neutral" from "buy."
- You can view the full analysis from the report here: GPOR Ratings Report
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