Gulfport Energy Corporation (NASDAQ:GPOR) – SunTrust Banks issued their Q1 2018 EPS estimates for Gulfport Energy in a research report issued on Thursday. SunTrust Banks analyst W. Fitzpatrick anticipates that the oil and gas producer will earn $0.25 per share for the quarter. SunTrust Banks has a “Buy” rating and a $26.00 price target on the stock. SunTrust Banks also issued estimates for Gulfport Energy’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.34 EPS.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $265.50 million during the quarter, compared to analyst estimates of $302.33 million. Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The business’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS.
A number of other equities research analysts have also recently commented on GPOR. Stifel Nicolaus lowered their target price on Gulfport Energy from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 14th. Piper Jaffray Companies reiterated an “overweight” rating and set a $21.00 target price (down previously from $22.00) on shares of Gulfport Energy in a report on Tuesday, August 22nd. Williams Capital set a $18.00 target price on Gulfport Energy and gave the company a “buy” rating in a report on Monday, November 27th. Scotiabank reiterated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy in a report on Monday, October 9th. Finally, KeyCorp reiterated a “buy” rating and set a $18.00 target price on shares of Gulfport Energy in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. Gulfport Energy currently has a consensus rating of “Buy” and a consensus price target of $22.30.
Shares of Gulfport Energy (NASDAQ GPOR) opened at $12.46 on Monday. The company has a market capitalization of $2,281.20, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.30 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a fifty-two week low of $10.90 and a fifty-two week high of $29.92.
Hedge funds have recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Gulfport Energy by 1.5% during the second quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock worth $990,000 after purchasing an additional 1,000 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of Gulfport Energy by 65.6% during the second quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock worth $380,000 after purchasing an additional 10,200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gulfport Energy by 122.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after buying an additional 1,794,132 shares during the period. Swiss National Bank raised its position in shares of Gulfport Energy by 4.0% in the 3rd quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock worth $3,947,000 after buying an additional 10,700 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Gulfport Energy by 4.5% in the 2nd quarter. Principal Financial Group Inc. now owns 650,219 shares of the oil and gas producer’s stock worth $9,591,000 after buying an additional 27,808 shares during the period. Institutional investors and hedge funds own 86.93% of the company’s stock.
In other Gulfport Energy news, Director Paul D. Westerman acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the director now directly owns 15,488 shares of the company’s stock, valued at $197,472. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.
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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