FY2017 EPS Estimates for Gulfport Energy Corporation (GPOR) Raised by Analyst

Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at KeyCorp raised their FY2017 earnings per share estimates for shares of Gulfport Energy in a research note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will post earnings of $1.52 per share for the year, up from their previous forecast of $1.51. KeyCorp currently has a “Buy” rating and a $18.00 target price on the stock. KeyCorp also issued estimates for Gulfport Energy’s Q4 2017 earnings at $0.55 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.58 EPS and Q4 2018 earnings at $0.65 EPS.

GPOR has been the subject of several other reports. Barclays cut Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Monday, November 20th. Credit Suisse Group assumed coverage on Gulfport Energy in a research note on Monday. They set a “neutral” rating and a $15.00 target price for the company. Williams Capital set a $18.00 target price on Gulfport Energy and gave the company a “buy” rating in a research note on Monday, November 27th. Piper Jaffray Companies reduced their target price on Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Finally, Scotiabank reiterated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $21.52.

Gulfport Energy (GPOR) opened at $12.71 on Thursday. The firm has a market capitalization of $2,326.97, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.31 and a beta of 0.69. Gulfport Energy has a fifty-two week low of $10.90 and a fifty-two week high of $27.97. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.

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

In other news, Director Paul D. Westerman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $12.75 per share, with a total value of $127,500.00. Following the transaction, the director now owns 15,488 shares in the company, valued at approximately $197,472. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Gulfport Energy by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 712 shares during the period. Riverhead Capital Management LLC increased its position in Gulfport Energy 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 buying an additional 4,153 shares during the period. World Asset Management Inc acquired a new stake in Gulfport Energy in the second quarter worth $150,000. BKS Advisors LLC acquired a new stake in Gulfport Energy in the third quarter worth $161,000. Finally, Teacher Retirement System of Texas increased its position in Gulfport Energy by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 520 shares during the period. 86.93% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Gulfport Energy (NASDAQ:GPOR)

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