Gulfport Energy Corporation (NASDAQ:GPOR) – Equities research analysts at Seaport Global Securities upped their Q3 2017 earnings per share estimates for Gulfport Energy Corporation in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.18. Seaport Global Securities also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $1.18 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.01 EPS.

A number of other research analysts also recently weighed in on GPOR. Williams Capital set a $21.00 price target on Gulfport Energy Corporation and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus lowered their price target on Gulfport Energy Corporation from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, May 31st. Zacks Investment Research downgraded Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub downgraded Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $29.00 price target on shares of Gulfport Energy Corporation in a report on Friday, April 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the stock. Gulfport Energy Corporation has an average rating of “Buy” and an average target price of $25.91.

TRADEMARK VIOLATION WARNING: “Q3 2017 EPS Estimates for Gulfport Energy Corporation Boosted by Analyst (NASDAQ:GPOR)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/11/q3-2017-eps-estimates-for-gulfport-energy-corporation-boosted-by-analyst-nasdaqgpor.html.

Shares of Gulfport Energy Corporation (GPOR) opened at 11.69 on Friday. The firm’s market capitalization is $2.14 billion. The firm has a 50-day moving average price of $13.39 and a 200-day moving average price of $16.04. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $30.47.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. During the same period last year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 1052.7% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently made changes to their positions in GPOR. Utah Retirement Systems raised its position in shares of Gulfport Energy Corporation by 0.3% in the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock worth $429,000 after buying an additional 100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Gulfport Energy Corporation by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,201 shares of the oil and gas producer’s stock worth $399,000 after buying an additional 334 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Gulfport Energy Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 37,541 shares of the oil and gas producer’s stock worth $646,000 after buying an additional 453 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Gulfport Energy Corporation by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 520 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 last quarter. Hedge funds and other institutional investors own 88.47% of the company’s stock.

About Gulfport Energy Corporation

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)

Receive News & Ratings for Gulfport Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.