Jefferies Financial Group Comments on Gulfport Energy Co.’s FY2018 Earnings (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Equities research analysts at Jefferies Financial Group reduced their FY2018 earnings per share estimates for shares of Gulfport Energy in a report issued on Monday, October 15th. Jefferies Financial Group analyst Z. Parham now expects that the oil and gas producer will post earnings of $1.57 per share for the year, down from their prior estimate of $1.58. Jefferies Financial Group also issued estimates for Gulfport Energy’s Q1 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $1.31 EPS, Q1 2020 earnings at $0.52 EPS and FY2020 earnings at $2.02 EPS.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The business had revenue of $252.74 million during the quarter, compared to the consensus estimate of $329.40 million. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. Gulfport Energy’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share.

A number of other equities research analysts also recently weighed in on GPOR. BidaskClub raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Morgan Stanley boosted their price target on shares of Gulfport Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, July 12th. Williams Capital reissued a “buy” rating and set a $16.00 price target on shares of Gulfport Energy in a research note on Monday, July 16th. TheStreet raised shares of Gulfport Energy from a “d+” rating to a “c” rating in a research note on Thursday, August 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $14.95.

GPOR opened at $10.98 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.80 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 0.34 and a beta of 0.32. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $14.42.

Several hedge funds have recently modified their holdings of the company. United Services Automobile Association increased its position in shares of Gulfport Energy by 19.0% during the second quarter. United Services Automobile Association now owns 30,812 shares of the oil and gas producer’s stock worth $387,000 after acquiring an additional 4,923 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Gulfport Energy by 21.4% during the second quarter. BNP Paribas Arbitrage SA now owns 34,191 shares of the oil and gas producer’s stock worth $430,000 after acquiring an additional 6,038 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of Gulfport Energy by 12.5% during the second quarter. Aviance Capital Partners LLC now owns 56,215 shares of the oil and gas producer’s stock worth $706,000 after acquiring an additional 6,237 shares in the last quarter. Shepherd Kaplan Krochuk LLC increased its position in shares of Gulfport Energy by 6.0% during the second quarter. Shepherd Kaplan Krochuk LLC now owns 114,930 shares of the oil and gas producer’s stock worth $1,445,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in shares of Gulfport Energy by 15.6% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 52,000 shares of the oil and gas producer’s stock worth $654,000 after acquiring an additional 7,000 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

About Gulfport Energy

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

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