FY2017 EPS Estimates for Gulfport Energy Corporation (GPOR) Lowered by Analyst
Gulfport Energy Corporation (NASDAQ:GPOR) – Research analysts at Imperial Capital cut their FY2017 EPS estimates for Gulfport Energy Corporation in a note issued to investors on Friday. Imperial Capital analyst J. Wangler now forecasts that the oil and gas producer will post earnings of $1.27 per share for the year, down from their prior forecast of $1.30. Imperial Capital currently has a “Outperform” rating and a $19.00 target price on the stock. Imperial Capital also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.35 EPS and Q3 2018 earnings at $0.38 EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, July 12th. KeyCorp reiterated a “buy” rating and set a $18.00 price target on shares of Gulfport Energy Corporation in a research note on Tuesday, September 19th. Williams Capital set a $21.00 price target on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Jefferies Group LLC set a $20.00 price target on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, Stifel Nicolaus decreased their price target on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. Gulfport Energy Corporation presently has a consensus rating of “Buy” and a consensus target price of $22.83.
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Gulfport Energy Corporation (NASDAQ:GPOR) opened at $14.18 on Monday. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $29.92. The stock has a market cap of $2,627.22, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.34 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.
Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Gulfport Energy Corporation had a return on equity of 7.99% and a net margin of 3.88%. The company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $302.33 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue was up 37.1% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in GPOR. Janus Henderson Group PLC bought a new stake in Gulfport Energy Corporation during the 2nd quarter worth about $77,784,000. Victory Capital Management Inc. raised its holdings in Gulfport Energy Corporation by 246.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,015,217 shares of the oil and gas producer’s stock worth $43,239,000 after purchasing an additional 2,145,082 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Gulfport Energy Corporation by 122.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after purchasing an additional 1,794,132 shares during the last quarter. State Street Corp raised its holdings in Gulfport Energy Corporation by 27.4% during the 1st quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock worth $111,114,000 after purchasing an additional 1,389,369 shares during the last quarter. Finally, Kingdon Capital Management L.L.C. bought a new stake in Gulfport Energy Corporation during the 2nd quarter worth about $15,934,000. 88.70% 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.
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