Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at KeyCorp lifted their FY2017 earnings per share (EPS) estimates for shares of Gulfport Energy Corporation in a report released on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will earn $1.18 per share for the year, up from their previous forecast of $1.02.

GPOR has been the subject of several other reports. Pacific Crest reiterated an “overweight” rating and set a $28.00 price target on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. Jefferies Group LLC reiterated a “buy” rating and set a $20.00 price target on shares of Gulfport Energy Corporation in a research report on Wednesday, May 17th. ValuEngine lowered Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. 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. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $25.91.

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Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded up 0.43% during trading on Friday, reaching $11.74. The company’s stock had a trading volume of 1,627,702 shares. The stock’s market capitalization is $2.15 billion. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $30.47. The firm’s 50-day moving average is $13.39 and its 200-day moving average is $16.04.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The business had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. During the same quarter in the previous year, the firm earned $0.24 EPS. Gulfport Energy Corporation’s revenue was up 1052.7% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in GPOR. BlackRock Inc. boosted its stake in shares of Gulfport Energy Corporation by 13,258.8% in the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares during the period. Snow Capital Management LP purchased a new stake in shares of Gulfport Energy Corporation during the first quarter worth about $54,535,000. Point72 Asset Management L.P. purchased a new stake in shares of Gulfport Energy Corporation during the first quarter worth about $41,689,000. State Street Corp boosted its stake in shares of Gulfport Energy Corporation by 27.4% in the first quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock worth $111,114,000 after buying an additional 1,389,369 shares during the period. Finally, Oslo Asset Management AS purchased a new stake in shares of Gulfport Energy Corporation during the second quarter worth about $13,220,000. 88.47% of the stock is 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.

Earnings History and Estimates for Gulfport Energy Corporation (NASDAQ:GPOR)

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