Wall Street brokerages predict that Gulfport Energy Co. (NASDAQ:GPOR) will post earnings per share (EPS) of $0.30 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Gulfport Energy’s earnings, with estimates ranging from $0.25 to $0.43. Gulfport Energy reported earnings of $0.33 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 9.1%. The firm is scheduled to announce its next earnings report on Tuesday, August 14th.
On average, analysts expect that Gulfport Energy will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.29 to $1.92. For the next financial year, analysts forecast that the company will report earnings of $1.21 per share, with EPS estimates ranging from $0.51 to $1.74. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.14. The company had revenue of $325.40 million during the quarter, compared to analysts’ expectations of $354.46 million. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS.
GPOR has been the topic of several recent research reports. Eurobank EFG upgraded Gulfport Energy from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday, April 27th. UBS Group upgraded Gulfport Energy from a “neutral” rating to a “buy” rating in a research report on Friday, April 27th. Guggenheim restated a “buy” rating and issued a $12.50 price target on shares of Gulfport Energy in a research report on Tuesday, March 27th. Jefferies Financial Group set a $15.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research report on Monday, March 19th. Finally, Piper Jaffray Companies set a $16.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. Gulfport Energy currently has an average rating of “Buy” and an average price target of $15.40.
In other Gulfport Energy news, VP Steve Baldwin sold 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $11.00, for a total transaction of $110,000.00. Following the transaction, the vice president now directly owns 40,918 shares in the company, valued at $450,098. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GPOR. Brinker Capital Inc. grew its position in shares of Gulfport Energy by 16.2% in the first quarter. Brinker Capital Inc. now owns 40,380 shares of the oil and gas producer’s stock valued at $390,000 after purchasing an additional 5,636 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Gulfport Energy by 21.3% in the first quarter. Van ECK Associates Corp now owns 38,845 shares of the oil and gas producer’s stock valued at $375,000 after purchasing an additional 6,816 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Gulfport Energy by 4.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 149,397 shares of the oil and gas producer’s stock valued at $1,906,000 after purchasing an additional 6,989 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Gulfport Energy by 9.1% in the first quarter. Dynamic Technology Lab Private Ltd now owns 95,057 shares of the oil and gas producer’s stock valued at $917,000 after purchasing an additional 7,892 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in shares of Gulfport Energy by 23.9% in the first quarter. Alps Advisors Inc. now owns 44,557 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 8,587 shares during the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.
Shares of Gulfport Energy traded up $0.21, hitting $11.62, during midday trading on Tuesday, according to MarketBeat Ratings. The stock had a trading volume of 25,780,859 shares, compared to its average volume of 4,012,239. The stock has a market capitalization of $1.98 billion, a P/E ratio of 6.87, a price-to-earnings-growth ratio of 0.38 and a beta of 0.38. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $15.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.61 and a current ratio of 0.61.
Gulfport Energy Company Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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