Q1 2017 EPS Estimates for Gulfport Energy Co. Reduced by Analyst (GPOR)
Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at Jefferies Group reduced their Q1 2017 earnings estimates for Gulfport Energy in a research note issued to investors on Tuesday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. Jefferies Group has a “Buy” rating and a $22.00 price objective on the stock. Jefferies Group also issued estimates for Gulfport Energy’s Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.54 EPS.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Monday, February 13th. The oil and gas producer reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The company had revenue of $202.70 million for the quarter, compared to analysts’ expectations of $197.91 million. The firm’s revenue was down 66.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) earnings per share.
Several other equities research analysts have also recently commented on GPOR. Wolfe Research raised Gulfport Energy to an “outperform” rating in a report on Friday, January 20th. Zacks Investment Research raised 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. Johnson Rice reissued a “buy” rating on shares of Gulfport Energy in a report on Thursday, January 19th. Royal Bank of Canada reissued a “buy” rating and set a $31.00 target price on shares of Gulfport Energy in a report on Wednesday, January 4th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $33.00 target price on shares of Gulfport Energy in a report on Sunday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.35.
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Shares of Gulfport Energy (NASDAQ:GPOR) opened at 15.66 on Thursday. The firm’s 50-day moving average price is $16.77 and its 200 day moving average price is $21.94. Gulfport Energy has a 1-year low of $15.31 and a 1-year high of $34.67. The stock’s market capitalization is $2.49 billion.
A number of large investors have recently modified their holdings of GPOR. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquired a new stake in shares of Gulfport Energy during the fourth quarter worth about $104,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Gulfport Energy during the first quarter worth about $182,000. M&T Bank Corp acquired a new stake in shares of Gulfport Energy during the third quarter worth about $210,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in shares of Gulfport Energy during the fourth quarter worth 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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