Q1 2017 Earnings Estimate for Gulfport Energy Co. Issued By Williams Capital (GPOR)
Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at Williams Capital cut their Q1 2017 earnings estimates for shares of Gulfport Energy in a note issued to investors on Wednesday. Williams Capital analyst G. Sorbara now expects that the oil and gas producer will earn $0.17 per share for the quarter, down from their prior estimate of $0.18. Williams Capital has a “Buy” rating and a $28.00 price objective on the stock. Williams Capital also issued estimates for Gulfport Energy’s Q2 2017 earnings at $0.25 EPS, FY2017 earnings at $1.02 EPS, Q1 2019 earnings at $0.72 EPS and FY2019 earnings at $3.10 EPS.
GPOR has been the subject of a number of other research reports. Canaccord Genuity set a $33.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research note on Thursday, January 12th. Jefferies Group LLC restated a “buy” rating and set a $22.00 price objective on shares of Gulfport Energy in a research note on Wednesday, March 22nd. Deutsche Bank AG lowered their price objective on Gulfport Energy from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Tuesday, March 7th. Scotiabank set a $31.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research note on Monday, March 20th. Finally, Stifel Nicolaus began coverage on Gulfport Energy in a research note on Thursday, March 23rd. They set a “buy” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Gulfport Energy has an average 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. Gulfport Energy has a 12 month low of $15.31 and a 12 month high of $34.67. The firm’s market capitalization is $2.49 billion. The stock’s 50 day moving average price is $16.77 and its 200-day moving average price is $21.94.
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Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Monday, February 13th. The oil and gas producer reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. The company had revenue of $202.70 million for the quarter, compared to analyst estimates of $197.91 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was down 66.7% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes 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 worth $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 worth about $104,000. M&T Bank Corp bought a new position in Gulfport Energy during the third quarter worth about $210,000. SECOR Capital Advisors LP bought a new position in Gulfport Energy during the third quarter worth about $216,000. Finally, LS Investment Advisors LLC raised its position in Gulfport Energy by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,986 shares of the oil and gas producer’s stock worth $226,000 after buying an additional 430 shares in the last quarter. Institutional investors and hedge funds 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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