Research Analysts Set Expectations for Gulfport Energy Corporation’s Q3 2017 Earnings (GPOR)
Gulfport Energy Corporation (NASDAQ:GPOR) – Stock analysts at US Capital Advisors cut their Q3 2017 EPS estimates for shares of Gulfport Energy Corporation in a research note issued to investors on Tuesday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings per share of $0.22 for the quarter, down from their prior forecast of $0.25. US Capital Advisors also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.27 EPS and FY2017 earnings at $1.01 EPS.
GPOR has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $29.00 target price on shares of Gulfport Energy Corporation in a research report on Friday, April 21st. Piper Jaffray Companies reiterated an “overweight” rating on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. Zacks Investment Research lowered Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Scotiabank restated a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research report on Friday, June 30th. Finally, BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.78.
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Shares of Gulfport Energy Corporation (GPOR) opened at 13.86 on Thursday. The company’s 50-day moving average is $13.79 and its 200 day moving average is $16.66. The stock’s market capitalization is $2.53 billion. Gulfport Energy Corporation has a 12 month low of $12.47 and a 12 month high of $30.47.
Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings data on Monday, May 8th. The oil and gas producer reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.14. The firm had revenue of $333 million for the quarter, compared to analysts’ expectations of $224.93 million. During the same period last year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 112.2% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Gulfport Energy Corporation by 13,258.8% in the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock valued at $388,348,000 after buying an additional 22,422,387 shares in the last quarter. Snow Capital Management LP purchased a new position in Gulfport Energy Corporation during the first quarter valued at approximately $54,535,000. Point72 Asset Management L.P. purchased a new position in Gulfport Energy Corporation during the first quarter valued at approximately $41,689,000. State Street Corp increased its position in Gulfport Energy Corporation by 27.4% in the first quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock valued at $111,114,000 after buying an additional 1,389,369 shares in the last quarter. Finally, Norges Bank purchased a new position in Gulfport Energy Corporation during the fourth quarter valued at approximately $25,441,000. 88.04% of the stock is owned by hedge funds and other institutional investors.
About Gulfport Energy Corporation
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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