Q3 2016 EPS Estimates for Gulfport Energy Corp. (GPOR) Lifted by Jefferies Group
Gulfport Energy Corp. (NASDAQ:GPOR) – Equities researchers at Jefferies Group boosted their Q3 2016 earnings per share estimates for Gulfport Energy Corp. in a research note issued to investors on Tuesday. Jefferies Group analyst J. Wolff now anticipates that the firm will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.07. Jefferies Group currently has a “Buy” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Gulfport Energy Corp.’s Q4 2016 earnings at $0.15 EPS, FY2016 earnings at $0.63 EPS, Q1 2017 earnings at $0.19 EPS, Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.23 EPS and FY2017 earnings at $0.93 EPS.
Several other equities research analysts have also recently weighed in on the stock. Wunderlich increased their target price on shares of Gulfport Energy Corp. from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 27th. Zacks Investment Research upgraded shares of Gulfport Energy Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, June 28th. Wells Fargo & Co. reiterated an “outperform” rating on shares of Gulfport Energy Corp. in a research note on Wednesday, July 6th. Piper Jaffray Cos. began coverage on shares of Gulfport Energy Corp. in a research note on Friday, July 8th. They issued an “overweight” rating and a $40.00 target price for the company. Finally, Vetr upgraded shares of Gulfport Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $35.67 target price for the company in a research note on Monday, July 11th. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Gulfport Energy Corp. presently has an average rating of “Buy” and an average target price of $35.15.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded up 2.07% during mid-day trading on Wednesday, reaching $28.08. The company had a trading volume of 1,684,171 shares. The company’s market capitalization is $3.52 billion. Gulfport Energy Corp. has a 52-week low of $20.21 and a 52-week high of $34.67. The company’s 50-day moving average price is $28.44 and its 200-day moving average price is $29.37.
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Gulfport Energy Corp. (NASDAQ:GPOR) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a positive return on equity of 1.61% and a negative net margin of 216.29%.
Large investors have recently bought and sold shares of the stock. IndexIQ Advisors LLC boosted its stake in Gulfport Energy Corp. by 7.5% in the second quarter. IndexIQ Advisors LLC now owns 4,901 shares of the company’s stock valued at $153,000 after buying an additional 344 shares in the last quarter. Genesee Valley Trust Co. bought a new stake in Gulfport Energy Corp. during the second quarter valued at approximately $209,000. Seven Bridges Advisors LLC bought a new stake in Gulfport Energy Corp. during the second quarter valued at approximately $221,000. LS Investment Advisors LLC boosted its stake in Gulfport Energy Corp. by 77.6% in the second quarter. LS Investment Advisors LLC now owns 7,556 shares of the company’s stock valued at $236,000 after buying an additional 3,301 shares in the last quarter. Finally, Connable Office Inc. bought a new stake in Gulfport Energy Corp. during the second quarter valued at approximately $244,000.
About Gulfport Energy Corp.
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.
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