Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at SunTrust Banks lifted their Q3 2017 earnings per share (EPS) estimates for shares of Gulfport Energy in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will post earnings per share of $0.33 for the quarter, up from their previous estimate of $0.28. SunTrust Banks also issued estimates for Gulfport Energy’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.38 EPS, FY2018 earnings at $1.66 EPS, FY2019 earnings at $2.60 EPS and FY2020 earnings at $3.24 EPS.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. Gulfport Energy had a net margin of 32.70% and a return on equity of 14.87%. The firm had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter in the prior year, the company earned $0.24 EPS. The company’s revenue was up 1052.7% compared to the same quarter last year.

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A number of other research analysts have also recently weighed in on GPOR. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price objective on shares of Gulfport Energy in a report on Wednesday, May 17th. KLR Group restated a “buy” rating and issued a $22.00 price objective (down previously from $23.00) on shares of Gulfport Energy in a report on Wednesday, May 17th. Iberia Capital restated an “outperform” rating and issued a $26.00 price objective on shares of Gulfport Energy in a report on Wednesday, May 31st. Stifel Nicolaus dropped their price objective on shares of Gulfport Energy from $26.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 31st. Finally, ValuEngine cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.14.

Shares of Gulfport Energy (GPOR) opened at 12.18 on Monday. The stock’s market cap is $2.23 billion. Gulfport Energy has a 12 month low of $10.90 and a 12 month high of $30.47. The stock has a 50 day moving average of $12.28 and a 200 day moving average of $14.80.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gulfport Energy by 54.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock worth $104,000 after buying an additional 2,143 shares during the last quarter. Elkfork Partners LLC lifted its position in shares of Gulfport Energy by 38.4% during the 1st quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 1,848 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in shares of Gulfport Energy by 38.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 2,352 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Gulfport Energy by 76.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 4,153 shares during the last quarter. Finally, World Asset Management Inc purchased a new stake in shares of Gulfport Energy during the 2nd quarter worth approximately $150,000. Institutional investors and hedge funds own 86.78% of the company’s stock.

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.

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

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