Equities analysts expect Gulfport Energy Co. (NASDAQ:GPOR) to post $0.32 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Gulfport Energy’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.46. Gulfport Energy also posted earnings of $0.32 per share in the same quarter last year. The business is expected to announce its next quarterly earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Gulfport Energy will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.35 to $1.75. For the next year, analysts expect that the firm will post earnings of $1.33 per share, with EPS estimates ranging from $0.78 to $1.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The firm had revenue of $252.74 million during the quarter, compared to analysts’ expectations of $329.40 million. During the same quarter in the prior year, the company earned $0.33 EPS. The company’s revenue was down 22.0% compared to the same quarter last year.
GPOR has been the subject of several research reports. Oppenheimer initiated coverage on shares of Gulfport Energy in a research report on Wednesday, October 3rd. They issued an “outperform” rating and a $18.00 price target for the company. JPMorgan Chase & Co. lowered their price target 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. BidaskClub cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Piper Jaffray Companies set a $13.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, Williams Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Gulfport Energy in a research note on Monday, July 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $14.95.
A number of institutional investors have recently modified their holdings of GPOR. Acadian Asset Management LLC acquired a new position in Gulfport Energy during the 2nd quarter valued at approximately $101,000. Element Capital Management LLC acquired a new position in Gulfport Energy during the 1st quarter valued at approximately $140,000. Sigma Planning Corp acquired a new position in Gulfport Energy during the 2nd quarter valued at approximately $154,000. Campbell & CO Investment Adviser LLC acquired a new position in Gulfport Energy during the 2nd quarter valued at approximately $170,000. Finally, Advisors Preferred LLC acquired a new position in Gulfport Energy during the 2nd quarter valued at approximately $221,000. Institutional investors and hedge funds own 97.37% of the company’s stock.
Shares of GPOR traded down $0.45 during mid-day trading on Thursday, hitting $10.54. The company’s stock had a trading volume of 501,944 shares, compared to its average volume of 4,164,424. Gulfport Energy has a 52-week low of $8.11 and a 52-week high of $14.42. The stock has a market capitalization of $1.80 billion, a PE ratio of 7.47, a PEG ratio of 0.34 and a beta of 0.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53.
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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