Gulfport Energy Corporation (NASDAQ:GPOR) Expected to Post Earnings of $0.25 Per Share
Wall Street analysts forecast that Gulfport Energy Corporation (NASDAQ:GPOR) will announce $0.25 earnings per share for the current quarter, Zacks reports. Eight analysts have issued estimates for Gulfport Energy Corporation’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.16. Gulfport Energy Corporation reported earnings of $0.24 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, August 8th.
On average, analysts expect that Gulfport Energy Corporation will report full year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $1.63. For the next fiscal year, analysts anticipate that the company will report earnings of $1.49 per share, with EPS estimates ranging from $0.78 to $2.37. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Gulfport Energy Corporation.
Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.14. The business had revenue of $333 million for the quarter, compared to analyst estimates of $224.93 million. The firm’s revenue for the quarter was up 112.2% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Williams Capital set a $21.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus cut their price target on Gulfport Energy Corporation from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 31st. BidaskClub downgraded Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $29.00 price target on shares of Gulfport Energy Corporation in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.91.
Gulfport Energy Corporation (NASDAQ GPOR) traded down 2.05% during mid-day trading on Friday, reaching $11.00. 4,773,985 shares of the company were exchanged. The company’s market cap is $2.01 billion. The stock’s 50-day moving average is $13.75 and its 200-day moving average is $16.43. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 712 shares during the period. Elkfork Partners LLC raised its stake in shares of Gulfport Energy Corporation by 38.4% in the first quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock valued at $115,000 after buying an additional 1,848 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Gulfport Energy Corporation by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 2,352 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Gulfport Energy Corporation during the second quarter valued at $150,000. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Gulfport Energy Corporation by 38.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock valued at $177,000 after buying an additional 2,856 shares during the last quarter. 88.47% of the stock is currently owned by hedge funds and other institutional investors.
Gulfport Energy Corporation Company Profile
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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