Gulfport Energy Corporation (NASDAQ:GPOR) – Equities researchers at Jefferies Group boosted their Q3 2017 earnings per share estimates for Gulfport Energy Corporation in a research report issued to clients and investors on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will earn $0.36 per share for the quarter, up from their prior estimate of $0.26. Jefferies Group has a “Buy” rating and a $18.00 price target on the stock. Jefferies Group also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $1.45 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.38 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.37 EPS and Q3 2019 earnings at $0.38 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. The company had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. Gulfport Energy Corporation’s quarterly revenue was up 1052.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share.

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Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday. Scotiabank reissued a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a report on Monday. Mizuho reissued a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a report on Wednesday, October 4th. KeyCorp reissued a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy Corporation in a report on Tuesday, September 19th. Finally, Imperial Capital began coverage on Gulfport Energy Corporation in a report on Tuesday, September 19th. They issued an “outperform” rating and a $19.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. Gulfport Energy Corporation presently has an average rating of “Buy” and a consensus price target of $23.73.

Shares of Gulfport Energy Corporation (NASDAQ GPOR) opened at 14.70 on Thursday. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47. The company’s market cap is $2.69 billion. The stock has a 50 day moving average of $13.49 and a 200-day moving average of $14.27.

A number of large investors have recently added to or reduced their stakes in GPOR. BlackRock Inc. lifted its position in Gulfport Energy Corporation by 13,258.8% in the 1st quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Gulfport Energy Corporation in the 2nd quarter worth approximately $77,784,000. Point72 Asset Management L.P. bought a new stake in Gulfport Energy Corporation in the 1st quarter worth approximately $41,689,000. Dimensional Fund Advisors LP lifted its position in Gulfport Energy Corporation by 122.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after buying an additional 1,794,132 shares during the last quarter. Finally, State Street Corp lifted its position in Gulfport Energy Corporation by 27.4% in the 1st quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock worth $111,114,000 after buying an additional 1,389,369 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

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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