Analysts expect Gulfport Energy Co. (NASDAQ:GPOR) to announce sales of $380.98 million for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Gulfport Energy’s earnings. The lowest sales estimate is $357.90 million and the highest is $442.00 million. Gulfport Energy reported sales of $397.85 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.2%. The firm is scheduled to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Gulfport Energy will report full year sales of $1.35 billion for the current fiscal year, with estimates ranging from $1.30 billion to $1.46 billion. For the next financial year, analysts forecast that the business will post sales of $1.34 billion, with estimates ranging from $1.24 billion to $1.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Gulfport Energy.
A number of research firms recently issued reports on GPOR. Oppenheimer set a $18.00 target price on Gulfport Energy and gave the stock a “buy” rating in a report on Friday, October 19th. Williams Capital set a $16.00 target price on Gulfport Energy and gave the stock a “buy” rating in a report on Thursday, October 18th. Wells Fargo & Co lowered Gulfport Energy from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Tuesday, October 23rd. Jefferies Financial Group lowered their target price on Gulfport Energy from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Tuesday, November 6th. Finally, Morgan Stanley lifted their target price on Gulfport Energy from $7.00 to $8.00 and gave the stock a “sell” rating in a report on Monday, November 5th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.97.
NASDAQ:GPOR opened at $7.74 on Thursday. The stock has a market cap of $1.33 billion, a P/E ratio of 5.49, a PEG ratio of 0.43 and a beta of 1.02. Gulfport Energy has a 52-week low of $6.18 and a 52-week high of $13.41. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64.
In related news, Director Paul D. Westerman purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average price of $8.44 per share, with a total value of $84,400.00. Following the purchase, the director now owns 56,689 shares of the company’s stock, valued at approximately $478,455.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Gulfport Energy by 28.8% in the 4th quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock worth $160,873,000 after purchasing an additional 5,492,062 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Gulfport Energy by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,687,995 shares of the oil and gas producer’s stock worth $96,209,000 after purchasing an additional 114,266 shares in the last quarter. Vanguard Group Inc. increased its stake in Gulfport Energy by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 13,541,721 shares of the oil and gas producer’s stock worth $140,969,000 after purchasing an additional 283,479 shares in the last quarter. Vanguard Group Inc increased its stake in Gulfport Energy by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 13,541,721 shares of the oil and gas producer’s stock worth $140,969,000 after purchasing an additional 283,479 shares in the last quarter. Finally, LSV Asset Management increased its stake in Gulfport Energy by 320.4% in the 3rd quarter. LSV Asset Management now owns 8,997,054 shares of the oil and gas producer’s stock worth $93,659,000 after purchasing an additional 6,857,054 shares in the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.
About Gulfport Energy
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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