Gulfport Energy Corporation (NASDAQ:GPOR) – Research analysts at Seaport Global Securities raised their Q3 2017 earnings estimates for shares of Gulfport Energy Corporation in a research note issued on Friday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will post earnings per share of $0.25 for the quarter, up from their prior forecast of $0.23. Seaport Global Securities also issued estimates for Gulfport Energy Corporation’s FY2017 earnings at $1.21 EPS, Q2 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.29 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $279.59 million. During the same period in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 1052.7% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/23/gulfport-energy-corporation-gpor-to-post-q3-2017-earnings-of-0-25-per-share-seaport-global-securities-forecasts.html.

Other research analysts have also recently issued reports about the stock. Jefferies Group LLC set a $20.00 price objective on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research raised shares of 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, July 12th. Scotiabank reissued a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy Corporation in a report on Friday, June 30th. Williams Capital set a $21.00 price objective on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $23.26.

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

Several large investors have recently modified their holdings of GPOR. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gulfport Energy Corporation by 11.8% during 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. Riverhead Capital Management LLC boosted its position in shares of Gulfport Energy Corporation by 76.9% during the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 4,153 shares during the last quarter. World Asset Management Inc bought a new position in shares of Gulfport Energy Corporation during the second quarter worth $150,000. LS Investment Advisors LLC boosted its position in shares of Gulfport Energy Corporation by 25.1% during the second quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 2,584 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Gulfport Energy Corporation by 4.2% during 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. Hedge funds and other 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)

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.