Equities research analysts forecast that Gulfport Energy Co. (NASDAQ:GPOR) will announce $317.51 million in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Gulfport Energy’s earnings, with the lowest sales estimate coming in at $299.00 million and the highest estimate coming in at $335.50 million. Gulfport Energy posted sales of $252.74 million during the same quarter last year, which indicates a positive year over year growth rate of 25.6%. The firm is expected to issue its next earnings results on Wednesday, August 7th.
On average, analysts expect that Gulfport Energy will report full year sales of $1.32 billion for the current fiscal year, with estimates ranging from $1.28 billion to $1.35 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.36 billion, with estimates ranging from $1.21 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The firm had revenue of $320.58 million for the quarter, compared to analyst estimates of $313.11 million. Gulfport Energy’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS.
Several research analysts have weighed in on the company. BidaskClub downgraded Gulfport Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 13th. CIBC reiterated a “market perform” rating on shares of Gulfport Energy in a report on Friday, April 5th. Oppenheimer reiterated a “market perform” rating and issued a $14.00 price target on shares of Gulfport Energy in a report on Friday, April 5th. TheStreet upgraded Gulfport Energy from a “d+” rating to a “c-” rating in a report on Monday, April 1st. Finally, MKM Partners set a $9.00 price target on Gulfport Energy and gave the company a “hold” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.43.
GPOR traded down $0.23 during trading on Friday, hitting $4.79. The company’s stock had a trading volume of 2,923,910 shares, compared to its average volume of 3,298,253. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $818.19 million, a PE ratio of 2.62, a price-to-earnings-growth ratio of 0.31 and a beta of 0.98. Gulfport Energy has a twelve month low of $4.72 and a twelve month high of $13.41.
Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Gulfport Energy by 567.1% during the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 3,448 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new stake in shares of Gulfport Energy during the 1st quarter worth $35,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Gulfport Energy by 502.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 392,836 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 327,650 shares during the last quarter. CWM Advisors LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter worth $67,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Gulfport Energy during the 4th quarter worth $69,000. Institutional investors and hedge funds own 98.61% 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 North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.
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