Gulfport Energy Co. (NASDAQ:GPOR) – SunTrust Banks dropped their Q3 2019 EPS estimates for shares of Gulfport Energy in a report released on Wednesday, October 16th. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will earn $0.18 per share for the quarter, down from their previous forecast of $0.27. SunTrust Banks also issued estimates for Gulfport Energy’s Q4 2019 earnings at $0.25 EPS, Q1 2020 earnings at $0.27 EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.15 EPS, Q4 2020 earnings at $0.21 EPS, FY2020 earnings at $0.74 EPS and FY2021 earnings at $0.79 EPS.
A number of other research analysts have also recently weighed in on GPOR. Imperial Capital cut their price objective on shares of Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Jefferies Financial Group cut shares of Gulfport Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $11.00 to $5.00 in a research note on Monday, July 15th. Credit Suisse Group cut shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 9th. Wells Fargo & Co boosted their target price on shares of Gulfport Energy from $5.00 to $6.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Finally, Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.25 target price for the company in a research note on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.47.
GPOR opened at $2.58 on Monday. Gulfport Energy has a fifty-two week low of $2.28 and a fifty-two week high of $10.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. The company has a fifty day moving average of $2.81 and a two-hundred day moving average of $4.54. The stock has a market capitalization of $427.02 million, a price-to-earnings ratio of 1.41, a PEG ratio of 0.12 and a beta of 0.89.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. The company had revenue of $459.00 million during the quarter, compared to analysts’ expectations of $312.43 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 81.6% on a year-over-year basis.
In related news, CFO Quentin R. Hicks bought 15,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was acquired at an average price of $2.38 per share, with a total value of $35,700.00. Following the completion of the purchase, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $35,700. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Wood bought 40,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were bought at an average cost of $2.44 per share, with a total value of $97,600.00. Following the purchase, the chief executive officer now directly owns 1,005,449 shares of the company’s stock, valued at $2,453,295.56. The disclosure for this purchase can be found here. 0.45% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new stake in Gulfport Energy during the 3rd quarter valued at about $79,000. Coastal Capital Group Inc. purchased a new stake in Gulfport Energy during the 2nd quarter valued at about $34,000. Magnus Financial Group LLC purchased a new stake in Gulfport Energy during the 2nd quarter valued at about $57,000. Meeder Asset Management Inc. grew its stake in Gulfport Energy by 474.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,060 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 10,785 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in Gulfport Energy during the 3rd quarter valued at about $38,000. 97.52% of the stock is owned by 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 North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.
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