Gulfport Energy Corporation (NASDAQ:GPOR) – Analysts at Capital One Financial Corporation lifted their Q3 2017 earnings estimates for Gulfport Energy Corporation in a research report issued to clients and investors on Tuesday. Capital One Financial Corporation analyst B. Velie now expects that the oil and gas producer will earn $0.42 per share for the quarter, up from their previous estimate of $0.39.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The business had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. During the same quarter last year, the firm posted $0.24 earnings per share. The business’s revenue was up 1052.7% compared to the same quarter last year.

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GPOR has been the topic of several other research reports. Jefferies Group LLC set a $20.00 price objective on Gulfport Energy Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Pacific Crest reiterated an “overweight” rating and issued a $28.00 price objective on shares of Gulfport Energy Corporation in a report on Wednesday, June 21st. ValuEngine downgraded Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Williams Capital set a $21.00 price objective on Gulfport Energy Corporation and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Gulfport Energy Corporation in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Gulfport Energy Corporation presently has an average rating of “Buy” and an average price target of $25.14.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 13.06 on Wednesday. The firm has a 50-day moving average price of $12.34 and a 200-day moving average price of $14.84. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47. The stock’s market cap is $2.39 billion.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gulfport Energy Corporation by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 712 shares during the period. Elkfork Partners LLC boosted its position in shares of Gulfport Energy Corporation by 38.4% in the 1st quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 1,848 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Gulfport Energy Corporation by 76.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 4,153 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of Gulfport Energy Corporation by 38.4% in the 1st quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 2,352 shares during the period. Finally, World Asset Management Inc acquired a new stake in shares of Gulfport Energy Corporation in the 2nd quarter valued at about $150,000. 86.78% of the stock is owned by hedge funds and other institutional investors.

Gulfport Energy Corporation Company Profile

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.

Earnings History and Estimates for Gulfport Energy Corporation (NASDAQ:GPOR)

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