Wall Street brokerages predict that Gulfport Energy Co. (NASDAQ:GPOR) will announce sales of $310.23 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Gulfport Energy’s earnings. The lowest sales estimate is $288.00 million and the highest is $328.80 million. Gulfport Energy reported sales of $415.95 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 25.4%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 26th.
According to Zacks, analysts expect that Gulfport Energy will report full-year sales of $1.32 billion for the current fiscal year, with estimates ranging from $1.15 billion to $1.39 billion. For the next financial year, analysts expect that the company will post sales of $1.12 billion, with estimates ranging from $1.01 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $285.18 million for the quarter, compared to the consensus estimate of $335.10 million. Gulfport Energy had a net margin of 25.83% and a return on equity of 5.88%. The firm’s revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share.
A number of equities analysts have issued reports on the stock. Williams Capital restated a “hold” rating and set a $3.00 target price on shares of Gulfport Energy in a research report on Friday, November 1st. ValuEngine upgraded shares of Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Gulfport Energy from a “hold” rating to a “sell” rating and set a $3.00 target price for the company. in a research report on Tuesday, December 3rd. Imperial Capital cut their target price on shares of Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Finally, Wells Fargo & Co lifted their target price on shares of Gulfport Energy from $5.00 to $6.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.40.
GPOR traded down $0.12 during midday trading on Friday, reaching $2.73. 4,811,155 shares of the company’s stock were exchanged, compared to its average volume of 3,749,311. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $464.51 million, a PE ratio of 1.49, a P/E/G ratio of 0.15 and a beta of 0.86. The business’s 50-day moving average price is $2.87 and its 200 day moving average price is $3.47. Gulfport Energy has a 1-year low of $2.28 and a 1-year high of $9.60.
Several large investors have recently bought and sold shares of GPOR. Cetera Advisor Networks LLC acquired a new position in shares of Gulfport Energy in the third quarter valued at approximately $29,000. Coastal Capital Group Inc. acquired a new position in shares of Gulfport Energy in the second quarter valued at approximately $34,000. Meeder Asset Management Inc. raised its position in shares of Gulfport Energy by 474.1% in the third quarter. Meeder Asset Management Inc. now owns 13,060 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 10,785 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Gulfport Energy in the third quarter valued at approximately $38,000. Finally, Enterprise Bank & Trust Co acquired a new position in shares of Gulfport Energy in the third quarter valued at approximately $41,000. 94.56% of the stock is owned by institutional investors and hedge funds.
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.
Featured Story: Real Estate Investment Trust (REIT) ETF
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.