Wall Street analysts forecast that Gulfport Energy Co. (NASDAQ:GPOR) will report earnings of $0.28 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Gulfport Energy’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.22. Gulfport Energy posted earnings of $0.33 per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The firm is scheduled to issue its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Gulfport Energy will report full year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.01 to $1.72. For the next financial year, analysts expect that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $0.44 to $1.88. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.14. The company had revenue of $325.40 million during the quarter, compared to the consensus estimate of $354.46 million. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 EPS.
Several analysts have recently issued reports on GPOR shares. Morgan Stanley decreased their price target on Gulfport Energy from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. KeyCorp decreased their price target on Gulfport Energy from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Williams Capital set a $17.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, Credit Suisse Group decreased their price target on Gulfport Energy from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.32.
Shares of GPOR traded up $0.42 during trading hours on Wednesday, hitting $11.07. 2,874,289 shares of the company were exchanged, compared to its average volume of 4,467,580. The company has a market cap of $1.85 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.30. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $16.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.61 and a current ratio of 0.61.
Gulfport Energy announced that its Board of Directors has authorized a stock repurchase plan on Monday, January 29th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas producer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Paul D. Westerman purchased 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $10.14 per share, with a total value of $101,400.00. Following the acquisition, the director now directly owns 25,488 shares in the company, valued at approximately $258,448.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Gulfport Energy by 2.8% in the 1st quarter. BlackRock Inc. now owns 14,626,928 shares of the oil and gas producer’s stock valued at $141,151,000 after acquiring an additional 392,137 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Gulfport Energy by 45.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,489,373 shares of the oil and gas producer’s stock valued at $110,872,000 after acquiring an additional 3,568,750 shares in the last quarter. Schroder Investment Management Group raised its holdings in Gulfport Energy by 21.9% in the 1st quarter. Schroder Investment Management Group now owns 5,216,960 shares of the oil and gas producer’s stock valued at $50,343,000 after acquiring an additional 938,398 shares in the last quarter. Rubric Capital Management LP raised its holdings in Gulfport Energy by 1,198.2% in the 1st quarter. Rubric Capital Management LP now owns 4,933,204 shares of the oil and gas producer’s stock valued at $47,605,000 after acquiring an additional 4,553,204 shares in the last quarter. Finally, Boston Partners raised its holdings in Gulfport Energy by 1.2% in the 1st quarter. Boston Partners now owns 4,577,419 shares of the oil and gas producer’s stock valued at $44,172,000 after acquiring an additional 54,323 shares in the last quarter. 92.27% of the stock is owned by hedge funds and other institutional investors.
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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