Gulfport Energy Co. Expected to Earn Q2 2017 Earnings of $0.19 Per Share (GPOR)
Gulfport Energy Co. (NASDAQ:GPOR) – Analysts at Seaport Global Securities raised their Q2 2017 earnings per share (EPS) estimates for Gulfport Energy in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.17. Seaport Global Securities also issued estimates for Gulfport Energy’s Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $1.01 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $0.94 EPS.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.14. The firm had revenue of $333 million during the quarter, compared to analyst estimates of $224.93 million. The company’s quarterly revenue was up 112.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. COPYRIGHT VIOLATION WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/05/25/gulfport-energy-co-expected-to-earn-q2-2017-earnings-of-0-19-per-share-gpor.html.
Several other equities research analysts have also recently commented on the company. Scotiabank reissued a “buy” rating and issued a $29.00 target price on shares of Gulfport Energy in a research note on Monday, March 27th. Deutsche Bank AG lowered their target price 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. Williams Capital reissued a “buy” rating on shares of Gulfport Energy in a research note on Thursday, March 23rd. Barclays PLC reissued an “overweight” rating and issued a $28.00 target price (down from $30.00) on shares of Gulfport Energy in a research note on Saturday, April 22nd. Finally, Stifel Nicolaus started coverage on Gulfport Energy in a research note on Thursday, March 23rd. They issued a “buy” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $29.45.
Shares of Gulfport Energy (NASDAQ:GPOR) opened at 15.47 on Thursday. The stock has a 50 day moving average price of $16.25 and a 200 day moving average price of $19.98. Gulfport Energy has a one year low of $14.77 and a one year high of $34.67. The firm’s market cap is $2.83 billion.
Several hedge funds have recently modified their holdings of GPOR. BlackRock Inc. raised its stake in shares of Gulfport Energy by 13,258.8% in the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares during the period. Snow Capital Management LP purchased a new stake in shares of Gulfport Energy during the first quarter worth approximately $54,535,000. Marshall Wace LLP purchased a new stake in shares of Gulfport Energy during the fourth quarter worth approximately $54,341,000. Point72 Asset Management L.P. purchased a new stake in shares of Gulfport Energy during the first quarter worth approximately $41,689,000. Finally, State Street Corp raised its stake in shares of Gulfport Energy by 27.4% in the first quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock worth $111,114,000 after buying an additional 1,389,369 shares during the period. Institutional investors own 85.13% of the company’s stock.
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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