Analysts expect Gulfport Energy Co. (NASDAQ:GPOR) to announce sales of $371.08 million for the current quarter, according to Zacks. Ten analysts have made estimates for Gulfport Energy’s earnings, with the highest sales estimate coming in at $398.00 million and the lowest estimate coming in at $352.80 million. Gulfport Energy posted sales of $397.85 million during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Gulfport Energy will report full-year sales of $1.35 billion for the current financial year, with estimates ranging from $1.29 billion to $1.43 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.49 billion, with estimates ranging from $1.38 billion to $1.59 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The firm had revenue of $360.96 million for the quarter, compared to the consensus estimate of $360.39 million. Gulfport Energy had a net margin of 33.89% and a return on equity of 10.26%.
Several equities research analysts recently issued reports on GPOR shares. Oppenheimer started 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. JPMorgan Chase & Co. cut their price objective on shares of Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, August 29th. Piper Jaffray Companies set a $13.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Monday, October 8th. Williams Capital set a $16.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Friday, November 2nd. Finally, BidaskClub cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.27.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB increased its position in shares of Gulfport Energy by 91.2% during the third quarter. Nordea Investment Management AB now owns 791,225 shares of the oil and gas producer’s stock valued at $8,236,000 after acquiring an additional 377,425 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Gulfport Energy during the third quarter valued at about $649,000. AQR Capital Management LLC increased its position in shares of Gulfport Energy by 311.4% during the third quarter. AQR Capital Management LLC now owns 108,990 shares of the oil and gas producer’s stock valued at $1,135,000 after acquiring an additional 82,497 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Gulfport Energy by 11,700.0% during the third quarter. Macquarie Group Ltd. now owns 153,400 shares of the oil and gas producer’s stock valued at $1,597,000 after acquiring an additional 152,100 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its position in shares of Gulfport Energy by 23.8% during the third quarter. MetLife Investment Advisors LLC now owns 221,731 shares of the oil and gas producer’s stock valued at $2,308,000 after acquiring an additional 42,682 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.
Shares of NASDAQ:GPOR traded down $0.36 during midday trading on Wednesday, hitting $8.72. The company’s stock had a trading volume of 4,315,746 shares, compared to its average volume of 4,343,755. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.60 billion, a P/E ratio of 6.18, a P/E/G ratio of 0.40 and a beta of 0.49. Gulfport Energy has a 12-month low of $8.11 and a 12-month high of $13.74.
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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