Wall Street brokerages expect Gulfport Energy Corporation (NASDAQ:GPOR) to announce $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Gulfport Energy Corporation’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.45. Gulfport Energy Corporation posted earnings of $0.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 112.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 1st.

On average, analysts expect that Gulfport Energy Corporation will report full-year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.75. For the next year, analysts anticipate that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.01 to $2.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Gulfport Energy Corporation.

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, beating analysts’ consensus estimates of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. During the same period last year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 1052.7% compared to the same quarter last year.

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

Gulfport Energy Corporation (GPOR) opened at 12.18 on Monday. The firm has a 50 day moving average of $12.28 and a 200-day moving average of $14.80. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47. The company’s market capitalization is $2.23 billion.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gulfport Energy Corporation by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 712 shares during the last quarter. Elkfork Partners LLC increased its position in shares of Gulfport Energy Corporation by 38.4% during the 1st quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 1,848 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Gulfport Energy Corporation by 76.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 4,153 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Gulfport Energy Corporation 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 valued at $146,000 after purchasing an additional 2,352 shares during the last quarter. Finally, World Asset Management Inc purchased a new stake in shares of Gulfport Energy Corporation during the 2nd quarter valued at about $150,000. 86.78% of the stock is owned by hedge funds and other 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.

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

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