Gulfport Energy Co. (NASDAQ:GPOR) – Stock analysts at Oppenheimer boosted their Q3 2018 EPS estimates for shares of Gulfport Energy in a research report issued to clients and investors on Friday, October 19th. Oppenheimer analyst T. Rezvan now expects that the oil and gas producer will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.29. Oppenheimer has a “Buy” rating and a $18.00 price objective on the stock. Oppenheimer also issued estimates for Gulfport Energy’s Q4 2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.37 EPS and FY2019 earnings at $1.44 EPS.
A number of other equities research analysts also recently weighed in on GPOR. Seaport Global Securities reaffirmed a “neutral” rating on shares of Gulfport Energy in a report on Friday, September 7th. Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, October 16th. Williams Capital set a $16.00 target price on Gulfport Energy and gave the company a “buy” rating in a report on Thursday, October 18th. BidaskClub downgraded Gulfport Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 12th. Finally, TheStreet raised Gulfport Energy from a “d+” rating to a “c” rating in a report on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $14.95.
Shares of GPOR stock opened at $10.36 on Monday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.32. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $14.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. Gulfport Energy had a return on equity of 9.69% and a net margin of 30.30%. The firm had revenue of $252.74 million for the quarter, compared to analyst estimates of $329.40 million. During the same quarter last year, the company earned $0.33 EPS. The company’s revenue was down 22.0% on a year-over-year basis.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Gulfport Energy by 2.8% in the 1st quarter. BlackRock Inc. now owns 14,626,928 shares of the oil and gas producer’s stock worth $141,151,000 after acquiring an additional 392,137 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Gulfport Energy by 47.0% in the 1st quarter. OppenheimerFunds Inc. now owns 72,118 shares of the oil and gas producer’s stock worth $696,000 after acquiring an additional 23,068 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Gulfport Energy by 56.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 33,716 shares of the oil and gas producer’s stock worth $325,000 after acquiring an additional 12,136 shares in the last quarter. Element Capital Management LLC bought a new position in shares of Gulfport Energy in the 1st quarter worth about $140,000. Finally, Millennium Management LLC raised its position in shares of Gulfport Energy by 191.3% in the 1st quarter. Millennium Management LLC now owns 3,642,957 shares of the oil and gas producer’s stock worth $35,155,000 after acquiring an additional 2,392,339 shares in the last quarter. 97.07% of the stock is currently owned by hedge funds and other institutional investors.
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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