Gulfport Energy Co. (NASDAQ:GPOR) – Analysts at Oppenheimer increased their Q3 2018 earnings per share estimates for Gulfport Energy in a research report issued on Friday, October 19th. Oppenheimer analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $0.32 for the quarter, up from their prior forecast of $0.29. Oppenheimer currently has a “Buy” rating and a $18.00 target price on the stock. Oppenheimer also issued estimates for Gulfport Energy’s Q4 2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.37 EPS and FY2019 earnings at $1.44 EPS.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The firm had revenue of $252.74 million during the quarter, compared to the consensus estimate of $329.40 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Gulfport Energy’s revenue was down 22.0% compared to the same quarter last year.
A number of other research firms also recently issued reports on GPOR. BidaskClub upgraded shares of Gulfport Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 3rd. Morgan Stanley boosted their target price on shares of Gulfport Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Thursday, July 12th. Williams Capital restated a “buy” rating and issued a $16.00 target price on shares of Gulfport Energy in a report on Monday, July 16th. TheStreet upgraded shares of Gulfport Energy from a “d+” rating to a “c” rating in a report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.95.
Gulfport Energy stock opened at $11.09 on Monday. Gulfport Energy has a 1 year low of $8.11 and a 1 year high of $14.42. The company has a market capitalization of $1.92 billion, a P/E ratio of 7.87, a P/E/G ratio of 0.36 and a beta of 0.32. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.67.
Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in Gulfport Energy during the second quarter valued at approximately $101,000. Element Capital Management LLC acquired a new position in Gulfport Energy during the first quarter valued at approximately $140,000. Sigma Planning Corp acquired a new position in Gulfport Energy during the second quarter valued at approximately $154,000. Campbell & CO Investment Adviser LLC acquired a new position in Gulfport Energy during the second quarter valued at approximately $170,000. Finally, Advisors Preferred LLC acquired a new position in Gulfport Energy during the second quarter valued at approximately $221,000. 96.93% of the stock is currently owned by hedge funds and other institutional investors.
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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