Wall Street brokerages predict that Gulfport Energy Corporation (NASDAQ:GPOR) will announce earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Gulfport Energy’s earnings, with estimates ranging from $0.26 to $0.56. Gulfport Energy posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17.6%. The business is scheduled to issue its next quarterly earnings report on Monday, February 12th.

On average, analysts expect that Gulfport Energy will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.52. For the next financial year, analysts anticipate that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.12 to $2.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Gulfport Energy.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The business had revenue of $265.50 million during the quarter, compared to analyst estimates of $302.33 million. During the same quarter last year, the company posted $0.16 EPS. Gulfport Energy’s quarterly revenue was up 37.1% compared to the same quarter last year.

GPOR has been the topic of several research reports. Morgan Stanley increased their price target on shares of Gulfport Energy from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. ValuEngine downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Mizuho reiterated a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy in a report on Wednesday, October 4th. Scotiabank reiterated a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy in a report on Monday, October 9th. Finally, JPMorgan Chase & Co. upgraded shares of Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.86.

In other news, CEO Michael G. Moore sold 118,494 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the transaction, the chief executive officer now owns 295,449 shares in the company, valued at approximately $3,592,659.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Steve Baldwin sold 4,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.17, for a total value of $48,680.00. Following the transaction, the vice president now owns 32,634 shares in the company, valued at approximately $397,155.78. The disclosure for this sale can be found here. Insiders have sold a total of 151,253 shares of company stock worth $1,839,219 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of Gulfport Energy by 20.1% during the 4th quarter. Bank of Montreal Can now owns 83,363 shares of the oil and gas producer’s stock valued at $1,063,000 after buying an additional 13,928 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Gulfport Energy by 8,800.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,800 shares of the oil and gas producer’s stock valued at $227,000 after buying an additional 17,600 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Gulfport Energy during the 3rd quarter valued at approximately $223,000. GeoSphere Capital Management purchased a new position in shares of Gulfport Energy during the 3rd quarter valued at approximately $1,434,000. Finally, California Public Employees Retirement System lifted its position in shares of Gulfport Energy by 1.9% during the 3rd quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock valued at $10,485,000 after buying an additional 13,888 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Gulfport Energy (NASDAQ GPOR) opened at $13.10 on Wednesday. Gulfport Energy has a fifty-two week low of $10.90 and a fifty-two week high of $22.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $2,400.00, a P/E ratio of -48.52, a P/E/G ratio of 0.28 and a beta of 0.69.

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Gulfport Energy 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 (NASDAQ:GPOR)

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