Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at Oppenheimer increased their Q4 2018 earnings per share estimates for shares of Gulfport Energy in a report released on Wednesday, January 9th. Oppenheimer analyst T. Rezvan now anticipates that the oil and gas producer will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.43. Oppenheimer currently has a “Buy” rating and a $18.00 target price on the stock. Oppenheimer also issued estimates for Gulfport Energy’s Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.34 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.45 EPS.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.11. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. The business had revenue of $360.96 million during the quarter, compared to analysts’ expectations of $360.39 million.
Other analysts have also recently issued reports about the company. Williams Capital set a $16.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, October 16th. Piper Jaffray Companies set a $13.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a report on Monday, October 8th. SunTrust Banks set a $15.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, November 27th. Finally, Capital One Financial cut Gulfport Energy from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.52.
Gulfport Energy stock opened at $8.16 on Friday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.41 and a beta of 0.71. Gulfport Energy has a 12-month low of $6.18 and a 12-month high of $13.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.54 and a quick ratio of 0.54.
Several institutional investors and hedge funds have recently modified their holdings of the stock. First Hawaiian Bank acquired a new position in shares of Gulfport Energy in the 4th quarter valued at approximately $45,000. State of Alaska Department of Revenue acquired a new position in shares of Gulfport Energy in the 4th quarter valued at approximately $345,000. Shah Capital Management acquired a new position in shares of Gulfport Energy in the 4th quarter valued at approximately $327,000. Teachers Advisors LLC grew its position in shares of Gulfport Energy by 1.2% in the 3rd quarter. Teachers Advisors LLC now owns 338,278 shares of the oil and gas producer’s stock valued at $3,521,000 after purchasing an additional 4,057 shares during the period. Finally, Vanguard Group Inc grew its position in shares of Gulfport Energy by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 13,541,721 shares of the oil and gas producer’s stock valued at $140,969,000 after purchasing an additional 283,479 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.
In related news, Director Paul D. Westerman purchased 10,000 shares of the stock in a transaction dated Tuesday, November 20th. The stock was bought at an average cost of $8.44 per share, with a total value of $84,400.00. Following the purchase, the director now directly owns 56,689 shares in the company, valued at approximately $478,455.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.
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.
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