Gulfport Energy Corporation (GPOR) Expected to Post Quarterly Sales of $335.98 Million

Brokerages expect Gulfport Energy Corporation (NASDAQ:GPOR) to report $335.98 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Gulfport Energy’s earnings. The highest sales estimate is $347.10 million and the lowest is $327.04 million. Gulfport Energy reported sales of $63.42 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 429.8%. The company is expected to issue its next earnings results on Monday, February 12th.

On average, analysts expect that Gulfport Energy will report full year sales of $335.98 million for the current year, with estimates ranging from $1.12 billion to $1.27 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.50 billion per share, with estimates ranging from $1.40 billion to $1.56 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Gulfport Energy.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $302.33 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue was up 37.1% on a year-over-year basis.

Several research firms recently issued reports on GPOR. Mizuho set a $18.00 target price on Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday. Piper Jaffray Companies reiterated a “buy” rating and set a $20.00 target price on shares of Gulfport Energy in a report on Tuesday, January 9th. ValuEngine lowered Gulfport Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Barclays reiterated a “hold” rating and set a $15.00 target price on shares of Gulfport Energy in a report on Sunday, December 24th. Finally, Williams Capital set a $18.00 target price on Gulfport Energy and gave the stock a “buy” rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $20.62.

Gulfport Energy (NASDAQ:GPOR) traded down $0.23 on Friday, reaching $12.84. The company had a trading volume of 1,890,800 shares, compared to its average volume of 2,964,858. Gulfport Energy has a fifty-two week low of $10.90 and a fifty-two week high of $22.35. The company has a market capitalization of $2,290.00, a price-to-earnings ratio of -47.56, a PEG ratio of 0.27 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67.

In other Gulfport Energy news, Director Craig Groeschel sold 7,059 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $85,837.44. Following the sale, the director now owns 18,389 shares of the company’s stock, valued at approximately $223,610.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Steve Baldwin sold 4,000 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly 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 151,253 shares of company stock worth $1,839,219 in the last three months. 0.31% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of GPOR. Janus Henderson Group PLC acquired a new stake in shares of Gulfport Energy in the 2nd quarter valued at $77,784,000. Victory Capital Management Inc. lifted its stake in shares of Gulfport Energy by 246.5% in the 3rd quarter. Victory Capital Management Inc. now owns 3,015,217 shares of the oil and gas producer’s stock valued at $43,239,000 after acquiring an additional 2,145,082 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Gulfport Energy by 57.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after acquiring an additional 1,881,196 shares during the last quarter. Kingdon Capital Management L.L.C. bought a new position in shares of Gulfport Energy in the 2nd quarter valued at $15,934,000. Finally, State Street Corp lifted its stake in shares of Gulfport Energy by 15.1% in the 2nd quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock valued at $109,780,000 after acquiring an additional 979,127 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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About Gulfport Energy

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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