Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at Capital One boosted their Q2 2018 earnings per share estimates for shares of Gulfport Energy in a research note issued to investors on Thursday, April 19th. Capital One analyst B. Velie now expects that the oil and gas producer will post earnings of $0.33 per share for the quarter, up from their previous estimate of $0.31.
Several other analysts have also recently weighed in on the company. Morgan Stanley cut their price objective on Gulfport Energy from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday. ValuEngine cut Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Guggenheim reaffirmed a “buy” rating and set a $12.50 price objective on shares of Gulfport Energy in a research report on Tuesday, March 27th. Zacks Investment Research raised Gulfport Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Finally, BidaskClub cut Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.99.
Gulfport Energy stock opened at $8.92 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.66. The company has a market cap of $1,609.50, a price-to-earnings ratio of 6.33, a PEG ratio of 0.33 and a beta of 0.33. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $17.32.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The business had revenue of $397.85 million for the quarter, compared to analysts’ expectations of $337.95 million. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. During the same period in the previous year, the firm posted $0.34 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in Gulfport Energy in the 4th quarter worth approximately $137,000. Oakbrook Investments LLC purchased a new position in Gulfport Energy in the 4th quarter worth approximately $180,000. Delpha Capital Management LLC purchased a new position in Gulfport Energy in the 4th quarter worth approximately $187,000. GSA Capital Partners LLP purchased a new position in Gulfport Energy in the 3rd quarter worth approximately $223,000. Finally, Nisa Investment Advisors LLC raised its holdings in Gulfport Energy by 8,800.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,800 shares of the oil and gas producer’s stock worth $227,000 after acquiring an additional 17,600 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director now owns 25,488 shares of the company’s stock, valued at $258,448.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by company insiders.
Gulfport Energy declared that its Board of Directors has authorized a share repurchase program on Monday, January 29th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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Gulfport Energy Company Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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