Brokerages forecast that Gulfport Energy Co. (NASDAQ:GPOR) will post earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Gulfport Energy’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.43. Gulfport Energy posted earnings of $0.33 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.1%. The firm is expected to report its next earnings results on Tuesday, August 14th.
On average, analysts expect that Gulfport Energy will report full year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.29 to $1.92. For the next fiscal year, analysts anticipate that the business will report earnings of $1.20 per share, with EPS estimates ranging from $0.51 to $1.74. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.14. The company had revenue of $325.40 million during the quarter, compared to analysts’ expectations of $354.46 million. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. Gulfport Energy’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share.
Several research analysts recently weighed in on GPOR shares. Williams Capital set a $14.00 price target on Gulfport Energy and gave the company a “buy” rating in a research report on Wednesday, May 9th. BidaskClub cut Gulfport Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 24th. ValuEngine cut Gulfport Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Morgan Stanley lifted their price target on Gulfport Energy from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, May 24th. Finally, Jefferies Financial Group set a $15.00 price target on Gulfport Energy and gave the company a “buy” rating in a research report on Monday, March 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Gulfport Energy has an average rating of “Buy” and a consensus price target of $15.40.
In related news, VP Steve Baldwin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $11.00, for a total transaction of $110,000.00. Following the completion of the sale, the vice president now directly owns 40,918 shares in the company, valued at $450,098. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Gulfport Energy by 105.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,139,641 shares of the oil and gas producer’s stock worth $14,542,000 after purchasing an additional 586,241 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Gulfport Energy by 91,466.7% during the first quarter. Meeder Asset Management Inc. now owns 65,928 shares of the oil and gas producer’s stock worth $636,000 after purchasing an additional 65,856 shares in the last quarter. HBK Investments L P increased its position in shares of Gulfport Energy by 199.6% during the fourth quarter. HBK Investments L P now owns 488,500 shares of the oil and gas producer’s stock worth $6,233,000 after purchasing an additional 325,442 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Gulfport Energy by 310.7% during the fourth quarter. Teacher Retirement System of Texas now owns 55,800 shares of the oil and gas producer’s stock worth $712,000 after purchasing an additional 42,214 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Gulfport Energy by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,013,795 shares of the oil and gas producer’s stock worth $25,697,000 after purchasing an additional 147,387 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.
Shares of Gulfport Energy opened at $13.23 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $2.20 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.42 and a beta of 0.37. Gulfport Energy has a twelve month low of $8.11 and a twelve month high of $15.08.
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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