Gulfport Energy Co. (NASDAQ:GPOR) – Stock analysts at B. Riley dropped their Q2 2019 EPS estimates for Gulfport Energy in a research report issued on Thursday, October 18th. B. Riley analyst R. Rashid now forecasts that the oil and gas producer will post earnings per share of $0.15 for the quarter, down from their previous estimate of $0.24. B. Riley also issued estimates for Gulfport Energy’s Q3 2019 earnings at $0.19 EPS.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $252.74 million during the quarter, compared to analysts’ expectations of $329.40 million. Gulfport Energy had a return on equity of 9.69% and a net margin of 30.30%. The business’s quarterly revenue was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share.

A number of other analysts have also recently commented on the company. Oppenheimer set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research report on Friday. Williams Capital set a $16.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday. Piper Jaffray Companies set a $13.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, BidaskClub raised Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $14.95.

Shares of GPOR opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 0.35 and a beta of 0.32. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $14.42.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Acadian Asset Management LLC bought a new position in Gulfport Energy during the second quarter valued at approximately $101,000. Sigma Planning Corp bought a new position in Gulfport Energy during the second quarter valued at approximately $154,000. Cornerstone Wealth Management LLC bought a new position in Gulfport Energy during the second quarter valued at approximately $1,006,000. Campbell & CO Investment Adviser LLC bought a new position in Gulfport Energy during the second quarter valued at approximately $170,000. Finally, Element Capital Management LLC bought a new position in Gulfport Energy during the first quarter valued at approximately $140,000. 96.93% of the stock is owned by hedge funds and other 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 the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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

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