Gulfport Energy Corporation (NASDAQ:GPOR) issued its quarterly earnings results on Tuesday. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08, Bloomberg Earnings reports. The business had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. The firm’s revenue for the quarter was up 1052.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS.

Gulfport Energy Corporation (NASDAQ GPOR) traded down 2.05% during trading on Tuesday, reaching $11.00. 4,781,397 shares of the company’s stock traded hands. The stock’s market capitalization is $2.01 billion. The company has a 50-day moving average of $13.57 and a 200 day moving average of $16.32. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47.

A number of brokerages recently weighed in on GPOR. Zacks Investment Research cut shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus reduced their target price on shares of Gulfport Energy Corporation from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 31st. BidaskClub cut shares of Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $29.00 target price on shares of Gulfport Energy Corporation in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $25.91.

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A number of large investors have recently modified their holdings of the stock. Retirement Systems of Alabama increased its stake in shares of Gulfport Energy Corporation by 2.9% in the first quarter. Retirement Systems of Alabama now owns 384,342 shares of the oil and gas producer’s stock worth $6,607,000 after buying an additional 10,850 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Gulfport Energy Corporation during the first quarter worth $182,000. Gateway Investment Advisers LLC increased its stake in shares of Gulfport Energy Corporation by 11.2% in the first quarter. Gateway Investment Advisers LLC now owns 373,433 shares of the oil and gas producer’s stock worth $6,419,000 after buying an additional 37,674 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Gulfport Energy Corporation by 3.9% in the first quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the oil and gas producer’s stock worth $689,000 after buying an additional 1,500 shares during the last quarter. Finally, Skylands Capital LLC acquired a new stake in shares of Gulfport Energy Corporation during the first quarter worth $550,000. 88.47% of the stock is owned by institutional investors.

Gulfport Energy Corporation 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.

Earnings History for Gulfport Energy Corporation (NASDAQ:GPOR)

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