Gulfport Energy Corporation (NASDAQ:GPOR) – Analysts at KeyCorp reduced their Q3 2017 earnings per share estimates for shares of Gulfport Energy Corporation in a research report issued to clients and investors on Monday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas producer will earn $0.24 per share for the quarter, down from their prior estimate of $0.30. KeyCorp currently 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 $0.32 EPS and FY2017 earnings at $1.20 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 (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The firm had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue was up 1052.7% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/25/keycorp-research-analysts-lower-earnings-estimates-for-gulfport-energy-corporation-gpor.html.

A number of other research firms have also issued reports on GPOR. SunTrust Banks, Inc. restated a “buy” rating and issued a $25.00 price target on shares of Gulfport Energy Corporation in a research report on Tuesday. Zacks Investment Research lowered Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Williams Capital set a $18.00 price target on Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Monday. Morgan Stanley upped 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. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $21.00 price target (down from $22.00) on shares of Gulfport Energy Corporation in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company. Gulfport Energy Corporation presently has a consensus rating of “Buy” and a consensus price target of $22.83.

Gulfport Energy Corporation (GPOR) opened at 13.67 on Wednesday. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $29.92. The company’s 50-day moving average price is $13.89 and its 200-day moving average price is $14.05. The company’s market capitalization is $2.50 billion.

Hedge funds and other institutional investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC increased its holdings in Gulfport Energy Corporation by 7.6% in the first quarter. TIAA CREF Investment Management LLC now owns 436,077 shares of the oil and gas producer’s stock valued at $7,496,000 after buying an additional 30,726 shares during the last quarter. Arizona State Retirement System increased its holdings in Gulfport Energy Corporation by 1.5% in the second quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock valued at $990,000 after buying an additional 1,000 shares during the last quarter. Tocqueville Asset Management L.P. increased its holdings in Gulfport Energy Corporation by 65.6% in the second quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock valued at $380,000 after buying an additional 10,200 shares during the last quarter. Geode Capital Management LLC increased its holdings in Gulfport Energy Corporation by 18.8% in the first quarter. Geode Capital Management LLC now owns 1,340,493 shares of the oil and gas producer’s stock valued at $23,043,000 after buying an additional 211,708 shares during the last quarter. Finally, FMR LLC increased its holdings in Gulfport Energy Corporation by 30.1% in the first quarter. FMR LLC now owns 342,506 shares of the oil and gas producer’s stock valued at $5,888,000 after buying an additional 79,224 shares during the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

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.