Gulfport Energy Corporation (GPOR) to Post Q3 2017 Earnings of $0.36 Per Share, Jefferies Group Forecasts

Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at Jefferies Group upped their Q3 2017 earnings estimates for Gulfport Energy Corporation in a research report issued to clients and investors on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will earn $0.36 per share for the quarter, up from their previous forecast of $0.26. Jefferies Group has a “Buy” rating and a $18.00 price target on the stock. Jefferies Group also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $1.45 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.38 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.37 EPS and Q3 2019 earnings at $0.38 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 1052.7% on a year-over-year basis.

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Other research analysts also recently issued reports about the stock. Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, July 12th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. Stifel Nicolaus reduced their price objective on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, August 14th. Finally, KeyCorp reissued a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy Corporation in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.73.

A number of institutional investors have recently made changes to their positions in the stock. Fondren Management LP bought a new position in Gulfport Energy Corporation in the 2nd quarter worth about $295,000. Energy Opportunities Capital Management LLC boosted its stake in Gulfport Energy Corporation by 0.9% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 251,230 shares of the oil and gas producer’s stock worth $3,706,000 after purchasing an additional 2,250 shares in the last quarter. Sterling Capital Management LLC bought a new position in Gulfport Energy Corporation in the 2nd quarter worth about $2,519,000. Wafra Investment Advisory Group Inc. NY boosted its stake in Gulfport Energy Corporation by 1.9% in the 2nd quarter. Wafra Investment Advisory Group Inc. NY now owns 904,076 shares of the oil and gas producer’s stock worth $13,335,000 after purchasing an additional 17,082 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Gulfport Energy Corporation by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 234,703 shares of the oil and gas producer’s stock worth $3,462,000 after purchasing an additional 4,386 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

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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