Gulfport Energy Corporation (NASDAQ:GPOR) – Stock analysts at Seaport Global Securities raised their Q3 2017 earnings per share (EPS) estimates for shares of Gulfport Energy Corporation in a note issued to investors on Friday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will post earnings per share of $0.25 for the quarter, up from their prior forecast of $0.23. Seaport Global Securities also issued estimates for Gulfport Energy Corporation’s FY2017 earnings at $1.21 EPS, Q2 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.29 EPS.
Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings data 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 negative net margin of 15.02% and a positive return on equity of 7.42%. The company had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 1052.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “Gulfport Energy Corporation Forecasted to Post Q3 2017 Earnings of $0.25 Per Share (GPOR)” was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2981908/gulfport-energy-corporation-forecasted-to-post-q3-2017-earnings-of-0-25-per-share-gpor.html.
A number of other equities analysts have also recently commented on GPOR. Scotiabank restated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a report on Friday, June 30th. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, July 12th. BidaskClub cut Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. J P Morgan Chase & Co cut Gulfport Energy Corporation from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $17.00 in a report on Thursday, July 20th. Finally, Williams Capital set a $21.00 target price on Gulfport Energy Corporation and gave the company a “buy” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. Gulfport Energy Corporation currently has a consensus rating of “Buy” and a consensus target price of $22.83.
Shares of Gulfport Energy Corporation (NASDAQ GPOR) opened at 13.67 on Monday. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $29.92. The company has a 50-day moving average of $13.89 and a 200-day moving average of $14.05. The stock’s market capitalization is $2.50 billion.
A number of institutional investors and hedge funds have recently modified their holdings of GPOR. BlackRock Inc. boosted its holdings in 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 valued at $388,348,000 after purchasing an additional 22,422,387 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Gulfport Energy Corporation in the second quarter valued at about $77,784,000. Dimensional Fund Advisors LP boosted its holdings in Gulfport Energy Corporation by 122.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock valued at $48,092,000 after purchasing an additional 1,794,132 shares during the last quarter. State Street Corp boosted its holdings in 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 valued at $111,114,000 after purchasing an additional 1,389,369 shares during the last quarter. Finally, Kingdon Capital Management L.L.C. purchased a new position in Gulfport Energy Corporation in the second quarter valued at about $15,934,000. 86.88% 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.
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