Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at KeyCorp dropped their FY2017 earnings estimates for shares of Gulfport Energy Corporation in a report released on Wednesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas producer will post earnings of $1.28 per share for the year, down from their previous forecast of $1.30. KeyCorp has a “Buy” rating and a $18.00 price objective on the stock. KeyCorp also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.33 EPS and FY2018 earnings at $1.28 EPS.

Several other research analysts have also recently weighed in on GPOR. Scotiabank reiterated a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a research report on Friday, June 30th. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, October 11th. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of Gulfport Energy Corporation in a research report on Thursday, October 12th. Mizuho reiterated a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a research report on Wednesday, October 4th. Finally, Morgan Stanley lifted their price target on Gulfport Energy Corporation from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. Gulfport Energy Corporation currently has a consensus rating of “Buy” and a consensus price target of $23.26.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/23/brokers-offer-predictions-for-gulfport-energy-corporations-fy2017-earnings-gpor.html.

Gulfport Energy Corporation (NASDAQ GPOR) opened at 13.72 on Monday. The company’s market capitalization is $2.51 billion. The company’s 50 day moving average price is $13.88 and its 200-day moving average price is $14.15. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $29.92.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 negative net margin of 15.02% and a positive return on equity of 7.42%. The business’s revenue for the quarter was up 1052.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS.

Several large investors have recently modified their holdings of the company. Utah Retirement Systems boosted its stake in shares of Gulfport Energy Corporation by 0.3% in the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock worth $429,000 after acquiring an additional 100 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Gulfport Energy Corporation by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 520 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 712 shares during the last quarter. Comerica Bank boosted its stake in shares of Gulfport Energy Corporation by 0.3% in the second quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock worth $2,698,000 after acquiring an additional 720 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Gulfport Energy Corporation by 3.6% in the first quarter. OppenheimerFunds Inc. now owns 22,074 shares of the oil and gas producer’s stock worth $379,000 after acquiring an additional 763 shares during the last quarter. 86.65% of the stock is currently 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.

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

Receive News & Ratings for Gulfport Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.