Gulfport Energy Corporation (GPOR) Expected to Post Quarterly Sales of $336.98 Million

Wall Street analysts expect Gulfport Energy Corporation (NASDAQ:GPOR) to report $336.98 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Gulfport Energy’s earnings, with estimates ranging from $327.04 million to $347.10 million. Gulfport Energy posted sales of $63.42 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 431.3%. The firm is scheduled to report its next quarterly earnings results on Monday, February 12th.

On average, analysts expect that Gulfport Energy will report full-year sales of $336.98 million for the current fiscal year, with estimates ranging from $1.12 billion to $1.33 billion. For the next year, analysts expect that the company will report sales of $1.48 billion per share, with estimates ranging from $1.37 billion to $1.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Gulfport Energy.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The company had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year.

Several brokerages have weighed in on GPOR. Williams Capital set a $18.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. J P Morgan Chase & Co upgraded Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 price objective for the company in a research report on Friday. Credit Suisse Group began coverage on Gulfport Energy in a research report on Monday, December 11th. They issued a “neutral” rating and a $15.00 price objective for the company. KeyCorp set a $18.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Imperial Capital assumed coverage on Gulfport Energy in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $19.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.57.

In other news, Director Paul D. Westerman purchased 10,000 shares of Gulfport Energy stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average cost of $12.75 per share, with a total value of $127,500.00. Following the completion of the purchase, the director now directly owns 15,488 shares in the company, valued at $197,472. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of GPOR. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Gulfport Energy by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 712 shares during the period. Riverhead Capital Management LLC boosted its holdings in Gulfport Energy by 76.9% in the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 4,153 shares in the last quarter. World Asset Management Inc bought a new stake in Gulfport Energy in the second quarter worth $150,000. BKS Advisors LLC bought a new stake in Gulfport Energy in the third quarter worth $161,000. Finally, Teacher Retirement System of Texas boosted its holdings in Gulfport Energy by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 520 shares in the last quarter. 86.93% of the stock is currently owned by institutional investors.

Shares of Gulfport Energy (GPOR) traded down $0.16 during mid-day trading on Friday, reaching $12.03. The company’s stock had a trading volume of 5,102,681 shares, compared to its average volume of 2,836,319. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a 12-month low of $10.90 and a 12-month high of $23.11. The company has a market capitalization of $2,231.77, a P/E ratio of 9.31, a P/E/G ratio of 0.30 and a beta of 0.69.

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About Gulfport Energy

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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

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