Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at US Capital Advisors decreased their Q3 2018 earnings per share estimates for shares of Gulfport Energy in a research note issued to investors on Friday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.33. US Capital Advisors also issued estimates for Gulfport Energy’s Q1 2019 earnings at $0.28 EPS.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. The business had revenue of $397.85 million for the quarter, compared to the consensus estimate of $337.95 million. During the same quarter in the prior year, the business earned $0.34 earnings per share.
Shares of Gulfport Energy (NASDAQ GPOR) opened at $10.71 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.66. Gulfport Energy has a 1-year low of $8.11 and a 1-year high of $17.82. The stock has a market cap of $1,961.07, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 0.27 and a beta of 0.42.
Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Gulfport Energy in the fourth quarter valued at $137,000. BKS Advisors LLC bought a new position in Gulfport Energy in the third quarter valued at $161,000. Oakbrook Investments LLC bought a new position in Gulfport Energy in the fourth quarter valued at $180,000. Delpha Capital Management LLC bought a new position in Gulfport Energy in the fourth quarter valued at $187,000. Finally, Crossmark Global Holdings Inc. bought a new position in Gulfport Energy in the third quarter valued at $211,000. 87.79% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Paul D. Westerman purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $10.14 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director now owns 25,488 shares in the company, valued at approximately $258,448.32. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steve Baldwin sold 4,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.17, for a total transaction of $48,680.00. Following the completion of the transaction, the vice president now directly owns 32,634 shares in the company, valued at approximately $397,155.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,253 shares of company stock worth $1,839,219. Insiders own 0.31% of the company’s stock.
Gulfport Energy declared that its board has approved a share buyback plan on Monday, January 29th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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About Gulfport Energy
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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