Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for shares of Gulfport Energy Corporation in a report issued on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will post earnings per share of $0.26 for the quarter, down from their previous estimate of $0.29. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.24 EPS, Q1 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.39 EPS and FY2018 earnings at $1.28 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The business’s quarterly revenue was up 1052.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. COPYRIGHT VIOLATION WARNING: “Gulfport Energy Corporation to Post Q3 2017 Earnings of $0.26 Per Share, Jefferies Group Forecasts (GPOR)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/17/gulfport-energy-corporation-to-post-q3-2017-earnings-of-0-26-per-share-jefferies-group-forecasts-gpor.html.

Several other research firms have also recently issued reports on GPOR. KLR Group reiterated a “buy” rating and issued a $22.00 price objective (down from $23.00) on shares of Gulfport Energy Corporation in a report on Wednesday, May 17th. ValuEngine cut Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Williams Capital set a $21.00 price objective on Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Barclays PLC reiterated an “overweight” rating and issued a $28.00 price objective (down from $30.00) on shares of Gulfport Energy Corporation in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $25.77.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at 11.85 on Thursday. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47. The stock has a 50 day moving average price of $13.13 and a 200-day moving average price of $15.71. The company’s market cap is $2.17 billion.

A number of hedge funds and other institutional investors have recently modified their holdings of GPOR. TIAA CREF Investment Management LLC boosted its position in shares of Gulfport Energy Corporation by 7.6% in the first quarter. TIAA CREF Investment Management LLC now owns 436,077 shares of the oil and gas producer’s stock worth $7,496,000 after buying an additional 30,726 shares during the period. Geode Capital Management LLC boosted its position in shares of Gulfport Energy Corporation by 18.8% in the first quarter. Geode Capital Management LLC now owns 1,340,493 shares of the oil and gas producer’s stock worth $23,043,000 after buying an additional 211,708 shares during the period. Capstone Asset Management Co. boosted its position in shares of 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. Virginia Retirement Systems ET AL boosted its position in shares of 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. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of 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. 88.20% of the stock is owned by institutional investors.

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.

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

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