Gulfport Energy Corporation (NASDAQ:GPOR) – Equities researchers at Capital One Financial lowered their FY2018 earnings per share estimates for shares of Gulfport Energy in a research report issued on Tuesday. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings of $1.60 per share for the year, down from their prior estimate of $2.14.

Gulfport Energy (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 had a return on equity of 7.99% and a net margin of 3.88%. The business had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue was up 37.1% compared to the same quarter last year.

A number of other brokerages have also issued reports on GPOR. Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, October 11th. Jefferies Group reissued a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy in a report on Thursday, October 12th. Mizuho reissued a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a report on Wednesday, October 4th. Scotiabank reissued a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a report on Monday, October 9th. Finally, Morgan Stanley boosted their price objective on Gulfport Energy from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. Gulfport Energy currently has an average rating of “Buy” and an average target price of $22.26.

Shares of Gulfport Energy (GPOR) opened at $13.15 on Thursday. Gulfport Energy has a 52-week low of $10.90 and a 52-week high of $29.92. The stock has a market capitalization of $2,343.45, a PE ratio of 9.77, a PEG ratio of 0.31 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.

Several hedge funds and other institutional investors have recently modified their holdings of GPOR. Janus Henderson Group PLC acquired a new position in shares of Gulfport Energy during the second quarter worth approximately $77,784,000. Victory Capital Management Inc. boosted its position in shares of Gulfport Energy by 246.5% during the third quarter. Victory Capital Management Inc. now owns 3,015,217 shares of the oil and gas producer’s stock worth $43,239,000 after buying an additional 2,145,082 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Gulfport Energy by 57.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock worth $73,731,000 after buying an additional 1,881,196 shares during the period. Kingdon Capital Management L.L.C. acquired a new position in shares of Gulfport Energy during the second quarter worth approximately $15,934,000. Finally, State Street Corp boosted its position in shares of Gulfport Energy by 15.1% during the second quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock worth $109,780,000 after buying an additional 979,127 shares during the period. Institutional investors and hedge funds own 86.95% of the company’s stock.

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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.

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

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