Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at B. Riley lowered their Q4 2018 EPS estimates for Gulfport Energy in a report released on Tuesday, November 6th. B. Riley analyst R. Rashid now expects that the oil and gas producer will earn $0.36 per share for the quarter, down from their prior forecast of $0.37. B. Riley also issued estimates for Gulfport Energy’s Q1 2019 earnings at $0.24 EPS.
Several other brokerages also recently commented on GPOR. Oppenheimer initiated coverage on shares of Gulfport Energy in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $18.00 price objective for the company. BidaskClub downgraded shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Morgan Stanley boosted their price objective on shares of Gulfport Energy from $7.00 to $8.00 and gave the company a “sell” rating in a research report on Monday, November 5th. Williams Capital set a $16.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, October 16th. Four analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.40.
Shares of GPOR opened at $9.65 on Thursday. Gulfport Energy has a one year low of $8.11 and a one year high of $14.17. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 0.42 and a beta of 0.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.54 and a quick ratio of 0.54.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.38 by $0.11. Gulfport Energy had a net margin of 33.89% and a return on equity of 10.26%. The business had revenue of $360.96 million during the quarter, compared to the consensus estimate of $360.39 million.
Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Gulfport Energy during the second quarter worth $101,000. Dupont Capital Management Corp bought a new stake in shares of Gulfport Energy in the third quarter worth $103,000. Sigma Planning Corp bought a new stake in shares of Gulfport Energy in the second quarter worth $154,000. Cornerstone Wealth Management LLC bought a new stake in shares of Gulfport Energy in the second quarter worth $1,006,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Gulfport Energy in the second quarter worth $170,000. Institutional investors own 96.07% of the company’s stock.
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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