$276.22 Million in Sales Expected for Gulfport Energy Co. (GPOR) This Quarter
Equities analysts expect Gulfport Energy Co. (NASDAQ:GPOR) to report $276.22 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Gulfport Energy’s earnings, with the lowest sales estimate coming in at $255.5 million and the highest estimate coming in at $290 million. Gulfport Energy reported sales of $170.5 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 62%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.
On average, analysts expect that Gulfport Energy will report full year sales of $276.22 million for the current financial year, with estimates ranging from $1.08 billion to $1.34 billion. For the next year, analysts expect that the business will report sales of $1.62 billion per share, with estimates ranging from $1.48 billion to $1.72 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Monday, May 8th. The oil and gas producer reported $0.32 EPS for the quarter, beating the Zacks’ 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. Gulfport Energy’s revenue for the quarter was up 112.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS.
GPOR has been the subject of a number of analyst reports. Credit Suisse Group AG reissued a “buy” rating and set a $33.00 target price on shares of Gulfport Energy in a research note on Sunday, February 5th. Zacks Investment Research raised shares of Gulfport Energy from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, January 31st. Morgan Stanley lowered shares of Gulfport Energy from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 28th. Barclays PLC reissued an “overweight” rating and set a $30.00 target price (down from $35.00) on shares of Gulfport Energy in a research note on Thursday, February 16th. Finally, Stifel Nicolaus initiated coverage on shares of Gulfport Energy in a research note on Thursday, March 23rd. They set a “buy” rating and a $26.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $29.45.
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Several large investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its position in Gulfport Energy by 1.1% in the third quarter. Mutual of America Capital Management LLC now owns 208,455 shares of the oil and gas producer’s stock valued at $5,889,000 after buying an additional 2,217 shares in the last quarter. SG Americas Securities LLC raised its position in Gulfport Energy by 247.2% in the third quarter. SG Americas Securities LLC now owns 12,578 shares of the oil and gas producer’s stock valued at $355,000 after buying an additional 21,123 shares in the last quarter. HAP Trading LLC raised its position in Gulfport Energy by 255.4% in the third quarter. HAP Trading LLC now owns 41,223 shares of the oil and gas producer’s stock valued at $1,165,000 after buying an additional 29,623 shares in the last quarter. Principal Financial Group Inc. raised its position in Gulfport Energy by 4.3% in the third quarter. Principal Financial Group Inc. now owns 470,503 shares of the oil and gas producer’s stock valued at $13,292,000 after buying an additional 19,343 shares in the last quarter. Finally, Weiss Asset Management LP raised its position in Gulfport Energy by 50.3% in the third quarter. Weiss Asset Management LP now owns 25,805 shares of the oil and gas producer’s stock valued at $729,000 after buying an additional 8,639 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.
Shares of Gulfport Energy (NASDAQ:GPOR) traded up 0.26% during midday trading on Friday, reaching $15.14. 729,760 shares of the company were exchanged. The stock’s market capitalization is $2.77 billion. The company’s 50-day moving average price is $16.19 and its 200 day moving average price is $19.95. Gulfport Energy has a 52-week low of $14.77 and a 52-week high of $34.67.
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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