Gulfport Energy Corporation (NASDAQ:GPOR) – Capital One Financial Corporation decreased their Q3 2017 earnings estimates for shares of Gulfport Energy Corporation in a report issued on Tuesday, according to Zacks Investment Research. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas producer will earn $0.36 per share for the quarter, down from their prior estimate of $0.43. Capital One Financial Corporation also issued estimates for Gulfport Energy Corporation’s FY2017 earnings at $1.46 EPS and FY2018 earnings at $2.14 EPS.
Several other brokerages also recently weighed in on GPOR. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, October 11th. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price target on shares of Gulfport Energy Corporation in a research note on Thursday, October 12th. Mizuho reissued a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy Corporation in a research note on Wednesday, October 4th. Scotiabank reaffirmed a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research note on Monday, October 9th. Finally, Morgan Stanley raised their target price on Gulfport Energy Corporation from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $22.83.
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Shares of Gulfport Energy Corporation (GPOR) traded up $0.20 during mid-day trading on Thursday, hitting $14.14. The company had a trading volume of 3,591,900 shares, compared to its average volume of 3,755,302. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy Corporation has a twelve month low of $10.90 and a twelve month high of $29.92. The company has a market cap of $2,552.16, a P/E ratio of 10.64, a P/E/G ratio of 0.34 and a beta of 0.69.
Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $265.50 million during the quarter, compared to analyst estimates of $302.33 million. Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share.
Several institutional investors have recently modified their holdings of GPOR. OppenheimerFunds Inc. lifted its holdings in shares of Gulfport Energy Corporation by 3.6% in the 1st quarter. OppenheimerFunds Inc. now owns 22,074 shares of the oil and gas producer’s stock valued at $379,000 after acquiring an additional 763 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Gulfport Energy Corporation by 5.7% in the first quarter. Principal Financial Group Inc. now owns 622,411 shares of the oil and gas producer’s stock worth $10,699,000 after purchasing an additional 33,493 shares during the last quarter. FMR LLC raised its stake in shares of Gulfport Energy Corporation by 30.1% during the first quarter. FMR LLC now owns 342,506 shares of the oil and gas producer’s stock valued at $5,888,000 after acquiring an additional 79,224 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Gulfport Energy Corporation by 38.7% during the first quarter. Teachers Advisors LLC now owns 182,135 shares of the oil and gas producer’s stock valued at $3,131,000 after acquiring an additional 50,811 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Gulfport Energy Corporation by 7.6% during 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 acquiring an additional 30,726 shares in the last quarter. Hedge funds and other institutional investors own 88.70% 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.
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