Gulfport Energy Co. to Post Q2 2018 Earnings of $0.30 Per Share, B. Riley Forecasts (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Analysts at B. Riley upped their Q2 2018 earnings estimates for Gulfport Energy in a report released on Monday, June 11th. B. Riley analyst R. Rashid now anticipates that the oil and gas producer will post earnings of $0.30 per share for the quarter, up from their previous forecast of $0.23. B. Riley also issued estimates for Gulfport Energy’s Q3 2018 earnings at $0.31 EPS, FY2018 earnings at $1.48 EPS, Q1 2019 earnings at $0.25 EPS, FY2019 earnings at $1.00 EPS and FY2020 earnings at $0.93 EPS.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.42 by $0.14. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The business had revenue of $325.40 million during the quarter, compared to the consensus estimate of $354.46 million. During the same period in the prior year, the business posted $0.32 earnings per share. Gulfport Energy’s revenue was down 2.3% compared to the same quarter last year.

Several other brokerages also recently commented on GPOR. Williams Capital set a $14.00 target price on Gulfport Energy and gave the company a “buy” rating in a report on Wednesday, May 9th. BidaskClub raised Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Monday, March 5th. Zacks Investment Research raised Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Jefferies Financial Group set a $17.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, ValuEngine downgraded Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. Gulfport Energy has an average rating of “Buy” and an average target price of $16.06.

Shares of Gulfport Energy opened at $11.07 on Wednesday, according to MarketBeat.com. Gulfport Energy has a 12 month low of $8.11 and a 12 month high of $15.09. The firm has a market cap of $1.84 billion, a PE ratio of 7.85, a P/E/G ratio of 0.36 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.61 and a quick ratio of 0.61.

In other news, Director Paul D. Westerman purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 29th. The stock was bought at an average cost of $10.33 per share, with a total value of $103,300.00. Following the purchase, the director now directly owns 35,488 shares of the company’s stock, valued at $366,591.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of GPOR. Element Capital Management LLC purchased a new stake in shares of Gulfport Energy during the 1st quarter worth about $140,000. Delpha Capital Management LLC purchased a new stake in shares of Gulfport Energy during the 4th quarter worth about $187,000. KBC Group NV purchased a new stake in shares of Gulfport Energy during the 1st quarter worth about $205,000. Tibra Equities Europe Ltd purchased a new stake in shares of Gulfport Energy during the 1st quarter worth about $243,000. Finally, MANA Advisors LLC purchased a new stake in shares of Gulfport Energy during the 4th quarter worth about $268,000. 92.28% of the stock is owned by institutional investors.

About Gulfport Energy

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.

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

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