Analysts expect that Gulfport Energy Co. (NASDAQ:GPOR) will post $348.51 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Gulfport Energy’s earnings, with the lowest sales estimate coming in at $326.00 million and the highest estimate coming in at $401.00 million. Gulfport Energy posted sales of $333.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The business is scheduled to issue its next earnings report on Monday, May 14th.
On average, analysts expect that Gulfport Energy will report full-year sales of $1.36 billion for the current financial year, with estimates ranging from $1.31 billion to $1.51 billion. For the next financial year, analysts forecast that the company will report sales of $1.40 billion per share, with estimates ranging from $1.18 billion to $1.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. The business had revenue of $397.85 million during the quarter, compared to analysts’ expectations of $337.95 million. During the same quarter in the prior year, the firm earned $0.34 EPS.
A number of equities analysts have issued reports on the company. ValuEngine cut Gulfport Energy from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Guggenheim reaffirmed a “buy” rating and issued a $12.50 target price on shares of Gulfport Energy in a report on Tuesday, March 27th. Zacks Investment Research raised Gulfport Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 24th. BidaskClub cut Gulfport Energy from a “hold” rating to a “sell” rating in a report on Thursday, March 22nd. Finally, Jefferies 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 analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.13.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the transaction, the director now directly owns 25,488 shares in the company, valued at $258,448.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in GPOR. Dimensional Fund Advisors LP boosted its position in shares of Gulfport Energy by 57.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after purchasing an additional 1,881,196 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Gulfport Energy by 39.1% during the 4th quarter. Schroder Investment Management Group now owns 4,278,562 shares of the oil and gas producer’s stock valued at $54,594,000 after purchasing an additional 1,202,052 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Gulfport Energy by 22.6% during the 3rd quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock valued at $92,740,000 after purchasing an additional 1,193,723 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Gulfport Energy by 176.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,063,003 shares of the oil and gas producer’s stock valued at $15,243,000 after purchasing an additional 678,003 shares in the last quarter. Finally, Encompass Capital Advisors LLC boosted its position in shares of Gulfport Energy by 16.0% during the 4th quarter. Encompass Capital Advisors LLC now owns 4,475,301 shares of the oil and gas producer’s stock valued at $57,105,000 after purchasing an additional 618,793 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.
GPOR traded up $0.15 on Friday, reaching $9.49. The stock had a trading volume of 8,129,135 shares, compared to its average volume of 4,530,164. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $17.32. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1,772.46, a PE ratio of 6.73, a PEG ratio of 0.38 and a beta of 0.33.
Gulfport Energy announced that its board has approved a share repurchase plan on Monday, January 29th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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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