Gulfport Energy Corporation (NASDAQ:GPOR) – Equities research analysts at KeyCorp cut their Q3 2017 earnings per share estimates for shares of Gulfport Energy Corporation in a report released on Monday, according to Zacks Investment Research. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas producer will earn $0.24 per share for the quarter, down from their prior estimate of $0.30. KeyCorp has a “Buy” rating and a $18.00 price target 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.
Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Williams Capital set a $21.00 price objective on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Wednesday, August 9th. Stifel Nicolaus dropped their price objective on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Piper Jaffray Companies reiterated an “overweight” rating and set a $21.00 price objective (down previously from $22.00) on shares of Gulfport Energy Corporation in a research note on Tuesday, August 22nd. Finally, Scotiabank reiterated a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy Corporation in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the stock. Gulfport Energy Corporation presently has a consensus rating of “Buy” and a consensus target price of $22.83.
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Gulfport Energy Corporation (GPOR) traded up $0.20 during midday trading on Wednesday, reaching $14.14. 3,591,900 shares of the company traded hands, compared to its average volume of 3,755,302. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $29.92. 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 stock has a market capitalization of $2,552.16, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.34 and a beta of 0.69.
Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. The business had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. During the same quarter in the previous year, the business posted $0.16 EPS. The company’s quarterly revenue was up 37.1% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in GPOR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 valued at $100,000 after acquiring an additional 712 shares during the period. Riverhead Capital Management LLC lifted its holdings in Gulfport Energy Corporation by 76.9% in the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 4,153 shares during the period. World Asset Management Inc acquired a new stake in Gulfport Energy Corporation in the second quarter worth about $150,000. BKS Advisors LLC acquired a new stake in Gulfport Energy Corporation in the third quarter worth about $161,000. Finally, LS Investment Advisors LLC lifted its holdings in Gulfport Energy Corporation by 25.1% in the second quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 2,584 shares during the period. 88.70% of the stock is owned by institutional investors.
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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