Gulfport Energy Co. (GPOR) to Post Q2 2018 Earnings of $0.29 Per Share, Jefferies Group Forecasts
Gulfport Energy Co. (NASDAQ:GPOR) – Jefferies Group raised their Q2 2018 earnings per share (EPS) estimates for Gulfport Energy in a report issued on Monday. Jefferies Group analyst Z. Parham now expects that the oil and gas producer will post earnings of $0.29 per share for the quarter, up from their previous estimate of $0.26. Jefferies Group currently has a “Buy” rating and a $20.00 price target on the stock.
Other equities analysts have also recently issued reports about the company. KLR Group restated a “buy” rating and set a $22.00 target price (down from $23.00) on shares of Gulfport Energy in a report on Wednesday, May 17th. Scotiabank set a $29.00 price target on Gulfport Energy and gave the company a “buy” rating in a research report on Monday, May 8th. Williams Capital reaffirmed a “buy” rating and issued a $27.00 price target on shares of Gulfport Energy in a research report on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $29.00 price target on shares of Gulfport Energy in a research report on Friday, April 21st. Finally, Stifel Nicolaus reduced their price target on Gulfport Energy from $26.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.77.
Shares of Gulfport Energy (GPOR) traded up 2.54% during trading on Wednesday, reaching $12.13. 1,537,466 shares of the company’s stock were exchanged. Gulfport Energy has a 12-month low of $10.90 and a 12-month high of $30.47. The stock has a 50-day moving average price of $13.21 and a 200 day moving average price of $15.74. The company’s market capitalization is $2.22 billion.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $323.90 million during the quarter, compared to the consensus estimate of $279.59 million. Gulfport Energy had a net margin of 32.70% and a return on equity of 14.87%. The firm’s revenue was up 1052.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. AQR Capital Management LLC raised its position in Gulfport Energy by 30.0% in the fourth quarter. AQR Capital Management LLC now owns 28,800 shares of the oil and gas producer’s stock valued at $623,000 after buying an additional 6,643 shares during the period. Teachers Advisors LLC raised its position in Gulfport Energy by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 131,324 shares of the oil and gas producer’s stock valued at $2,842,000 after buying an additional 6,361 shares during the period. Bank of Montreal Can raised its position in Gulfport Energy by 1.8% in the first quarter. Bank of Montreal Can now owns 64,073 shares of the oil and gas producer’s stock valued at $1,101,000 after buying an additional 1,137 shares during the period. Capstone Asset Management Co. raised its position in Gulfport Energy by 23.3% in the first quarter. Capstone Asset Management Co. now owns 12,762 shares of the oil and gas producer’s stock valued at $219,000 after buying an additional 2,410 shares during the period. Finally, Skylands Capital LLC purchased a new position in Gulfport Energy during the first quarter valued at approximately $550,000. 88.20% of the stock is currently owned by institutional investors.
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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