Equities analysts forecast that Gulfport Energy Corporation (NASDAQ:GPOR) will announce $281.16 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Gulfport Energy Corporation’s earnings, with the lowest sales estimate coming in at $270.30 million and the highest estimate coming in at $289.10 million. Gulfport Energy Corporation reported sales of $170.50 million during the same quarter last year, which indicates a positive year over year growth rate of 64.9%. The business is expected to announce its next earnings report on Wednesday, August 2nd.

On average, analysts expect that Gulfport Energy Corporation will report full year sales of $281.16 million for the current financial year, with estimates ranging from $1.18 billion to $1.34 billion. For the next financial year, analysts anticipate that the business will report sales of $1.60 billion per share, with estimates ranging from $1.43 billion to $1.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Gulfport Energy Corporation.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.14. The company had revenue of $333 million during the quarter, compared to analyst estimates of $224.93 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue was up 112.2% compared to the same quarter last year.

GPOR has been the subject of a number of analyst reports. Scotiabank reissued a “buy” rating and issued a $29.00 price target on shares of Gulfport Energy Corporation in a report on Monday, March 27th. Barclays PLC reissued an “overweight” rating and issued a $28.00 price target (down from $30.00) on shares of Gulfport Energy Corporation in a report on Saturday, April 22nd. Williams Capital reissued a “buy” rating on shares of Gulfport Energy Corporation in a report on Thursday, March 23rd. Stifel Nicolaus initiated coverage on Gulfport Energy Corporation in a report on Thursday, March 23rd. They issued a “buy” rating and a $26.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) cut Gulfport Energy Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $31.00 to $21.00 in a report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. Gulfport Energy Corporation presently has an average rating of “Buy” and an average target price of $27.23.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 13.75 on Friday. The firm has a 50 day moving average price of $14.52 and a 200-day moving average price of $17.86. Gulfport Energy Corporation has a 52 week low of $12.47 and a 52 week high of $32.50. The firm’s market capitalization is $2.51 billion.

A number of large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its stake in Gulfport Energy Corporation by 23.3% in the first quarter. Capstone Asset Management Co. now owns 12,762 shares of the oil and gas producer’s stock worth $219,000 after buying an additional 2,410 shares during the period. Norges Bank purchased a new stake in Gulfport Energy Corporation during the fourth quarter worth about $25,441,000. Virginia Retirement Systems ET AL increased its stake in Gulfport Energy Corporation by 65.1% in the first quarter. Virginia Retirement Systems ET AL now owns 28,564 shares of the oil and gas producer’s stock worth $491,000 after buying an additional 11,264 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Gulfport Energy Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 54,274 shares of the oil and gas producer’s stock worth $933,000 after buying an additional 800 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Gulfport Energy Corporation by 2.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 27,372 shares of the oil and gas producer’s stock worth $471,000 after buying an additional 756 shares during the period. 88.03% of the stock is owned by hedge funds and other institutional investors.

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About Gulfport Energy Corporation

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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Earnings History and Estimates for Gulfport Energy Corporation (NASDAQ:GPOR)

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