KeyCorp Comments on Gulfport Energy Co.’s Q1 2017 Earnings (GPOR)
Gulfport Energy Co. (NASDAQ:GPOR) – KeyCorp cut their Q1 2017 EPS estimates for shares of Gulfport Energy in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will post earnings per share of $0.16 for the quarter, down from their previous estimate of $0.19. KeyCorp also issued estimates for Gulfport Energy’s Q2 2017 earnings at $0.23 EPS, Q3 2017 earnings at $0.27 EPS, Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.00 EPS, Q1 2018 earnings at $0.37 EPS and Q4 2018 earnings at $0.44 EPS.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Monday, February 13th. The oil and gas producer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $202.70 million for the quarter, compared to analysts’ expectations of $197.91 million. The business’s revenue was down 66.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share.
A number of other research analysts have also issued reports on the company. Williams Capital reiterated a “buy” rating and set a $28.00 price target on shares of Gulfport Energy in a research report on Wednesday. Morgan Stanley lowered Gulfport Energy from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 28th. Scotiabank reiterated a “buy” rating and set a $29.00 price target on shares of Gulfport Energy in a research report on Monday, March 27th. Stifel Nicolaus assumed coverage on Gulfport Energy in a research report on Thursday, March 23rd. They set a “buy” rating and a $26.00 price target for the company. Finally, Goldman Sachs Group Inc lowered Gulfport Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $31.00 to $21.00 in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $30.35.
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Gulfport Energy (NASDAQ:GPOR) opened at 15.66 on Thursday. The stock’s market capitalization is $2.49 billion. The stock’s 50 day moving average is $16.77 and its 200-day moving average is $21.94. Gulfport Energy has a 12 month low of $15.31 and a 12 month high of $34.67.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPOR. State Street Corp raised its position in Gulfport Energy by 7.0% in the fourth quarter. State Street Corp now owns 5,074,543 shares of the oil and gas producer’s stock valued at $109,808,000 after buying an additional 330,787 shares during the last quarter. BlackRock Fund Advisors raised its position in Gulfport Energy by 3.9% in the third quarter. BlackRock Fund Advisors now owns 4,805,659 shares of the oil and gas producer’s stock valued at $135,760,000 after buying an additional 180,274 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Gulfport Energy by 31.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,039,977 shares of the oil and gas producer’s stock valued at $85,879,000 after buying an additional 719,571 shares during the last quarter. Marshall Wace LLP acquired a new position in Gulfport Energy during the fourth quarter valued at $54,341,000. Finally, TimesSquare Capital Management LLC raised its position in Gulfport Energy by 18.0% in the third quarter. TimesSquare Capital Management LLC now owns 1,698,555 shares of the oil and gas producer’s stock valued at $47,984,000 after buying an additional 258,555 shares during the last quarter. 85.13% of the stock is currently owned by hedge funds and other 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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