Analysts Offer Predictions for Gulfport Energy Co.’s Q1 2017 Earnings (GPOR)
Gulfport Energy Co. (NASDAQ:GPOR) – Capital One Financial Corp. issued their Q1 2017 earnings per share (EPS) estimates for shares of Gulfport Energy in a research report issued on Wednesday. Capital One Financial Corp. analyst B. Velie anticipates that the oil and gas producer will post earnings per share of $0.23 for the quarter. Capital One Financial Corp. also issued estimates for Gulfport Energy’s Q2 2017 earnings at $0.15 EPS and Q3 2017 earnings at $0.18 EPS.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, January 17th. Deutsche Bank AG cut their target price on shares of Gulfport Energy from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Tuesday, March 7th. Scotiabank restated a “buy” rating and issued a $29.00 target price on shares of Gulfport Energy in a report on Monday, March 27th. Williams Capital restated a “buy” rating on shares of Gulfport Energy in a report on Thursday, March 23rd. Finally, Canaccord Genuity set a $33.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $30.35.
Shares of Gulfport Energy (NASDAQ:GPOR) opened at 15.66 on Thursday. Gulfport Energy has a 12-month low of $15.31 and a 12-month high of $34.67. The firm’s 50-day moving average is $16.77 and its 200-day moving average is $21.94. The company’s market capitalization is $2.49 billion.
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Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Monday, February 13th. The oil and gas producer reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. The business had revenue of $202.70 million for the quarter, compared to the consensus estimate of $197.91 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. The company’s revenue was down 66.7% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in Gulfport Energy by 816.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,611 shares of the oil and gas producer’s stock valued at $102,000 after buying an additional 3,217 shares in the last quarter. Elkfork Partners LLC bought a new position in Gulfport Energy during the fourth quarter valued at about $104,000. Quantitative Systematic Strategies LLC bought a new position in Gulfport Energy during the first quarter valued at about $182,000. M&T Bank Corp bought a new position in Gulfport Energy during the third quarter valued at about $210,000. Finally, Gideon Capital Advisors Inc. bought a new position in Gulfport Energy during the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.
Gulfport Energy Company Profile
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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