Q1 2017 EPS Estimates for Gulfport Energy Co. (GPOR) Decreased by Analyst
Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at KeyCorp reduced their Q1 2017 earnings per share (EPS) estimates for shares of Gulfport Energy in a note issued to investors on Sunday. KeyCorp analyst D. Deckelbaum now expects that the firm will earn $0.19 per share for the quarter, down from their prior estimate of $0.21. KeyCorp also issued estimates for Gulfport Energy’s Q2 2017 earnings at $0.25 EPS, Q3 2017 earnings at $0.28 EPS, FY2017 earnings at $1.08 EPS and FY2018 earnings at $1.49 EPS.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Monday, February 13th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The firm had revenue of $202.70 million for the quarter, compared to the consensus estimate of $197.91 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was down 66.7% compared to the same quarter last year.
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A number of other equities research analysts have also issued reports on GPOR. Guggenheim raised shares of Gulfport Energy from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, December 19th. Stephens raised shares of Gulfport Energy from an “equal weight” rating to an “overweight” rating and set a $29.00 price objective for the company in a report on Monday, December 19th. Williams Capital cut their price objective on shares of Gulfport Energy from $36.00 to $32.00 and set a “buy” rating for the company in a report on Monday, December 19th. KLR Group reaffirmed a “buy” rating and set a $31.00 price objective (down from $36.00) on shares of Gulfport Energy in a report on Monday, December 19th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $37.00 price objective on shares of Gulfport Energy in a report on Monday, December 19th. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.57.
Shares of Gulfport Energy (NASDAQ:GPOR) opened at 16.51 on Tuesday. The company’s market capitalization is $2.62 billion. Gulfport Energy has a 12-month low of $16.05 and a 12-month high of $34.67. The company’s 50-day moving average is $18.89 and its 200-day moving average is $23.83.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC increased its stake in Gulfport Energy by 2.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 21,639 shares of the company’s stock valued at $676,000 after buying an additional 414 shares during the period. First Mercantile Trust Co. acquired a new stake in Gulfport Energy during the third quarter valued at $329,000. Oregon Public Employees Retirement Fund increased its stake in Gulfport Energy by 3.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 43,192 shares of the company’s stock valued at $1,220,000 after buying an additional 1,516 shares during the period. Eagle Asset Management Inc. increased its stake in Gulfport Energy by 100.1% in the third quarter. Eagle Asset Management Inc. now owns 49,598 shares of the company’s stock valued at $1,401,000 after buying an additional 24,811 shares during the period. Finally, Villere ST Denis J & Co. LLC increased its stake in Gulfport Energy by 16.7% in the third quarter. Villere ST Denis J & Co. LLC now owns 1,935,635 shares of the company’s stock valued at $54,681,000 after buying an additional 276,650 shares during the period. 85.13% of the stock is owned by institutional investors.
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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