Gulfport Energy Corporation (GPOR) Forecasted to Post FY2018 Earnings of $1.60 Per Share
Gulfport Energy Corporation (NASDAQ:GPOR) – Analysts at Capital One Financial decreased their FY2018 earnings per share (EPS) estimates for shares of Gulfport Energy in a report issued on Tuesday. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will earn $1.60 per share for the year, down from their previous estimate of $2.14.
A number of other equities research analysts have also recently commented on GPOR. Williams Capital set a $21.00 price target on Gulfport Energy and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub raised Gulfport Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Stifel Nicolaus decreased their price target on Gulfport Energy from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 14th. Piper Jaffray Companies reissued an “overweight” rating and set a $21.00 price target (down from $22.00) on shares of Gulfport Energy in a report on Tuesday, August 22nd. Finally, Jefferies Group set a $20.00 price target on Gulfport Energy and gave the company a “buy” rating in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.26.
Gulfport Energy (GPOR) traded up $0.19 during midday trading on Thursday, reaching $12.58. The company had a trading volume of 2,080,000 shares, compared to its average volume of 3,726,325. The stock has a market capitalization of $2,268.38, a P/E ratio of 9.46, a PEG ratio of 0.30 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a 12 month low of $10.90 and a 12 month high of $29.92.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The company had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. Gulfport Energy’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share.
Several large investors have recently made changes to their positions in GPOR. Janus Henderson Group PLC purchased a new position in shares of Gulfport Energy during the second quarter valued at approximately $77,784,000. Victory Capital Management Inc. boosted its holdings in shares of Gulfport Energy by 246.5% in the third quarter. Victory Capital Management Inc. now owns 3,015,217 shares of the oil and gas producer’s stock valued at $43,239,000 after purchasing an additional 2,145,082 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Gulfport Energy by 57.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after purchasing an additional 1,881,196 shares during the period. Kingdon Capital Management L.L.C. purchased a new stake in shares of Gulfport Energy in the second quarter valued at approximately $15,934,000. Finally, State Street Corp boosted its holdings in shares of Gulfport Energy by 15.1% in the second quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock valued at $109,780,000 after purchasing an additional 979,127 shares during the period. Institutional investors and hedge funds own 86.95% of the company’s stock.
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Gulfport Energy 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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