Gulfport Energy Corporation (NASDAQ:GPOR) – Stock analysts at KeyCorp raised their FY2017 earnings per share estimates for shares of Gulfport Energy in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will earn $1.52 per share for the year, up from their prior estimate of $1.51. KeyCorp currently has a “Buy” rating and a $18.00 target price on the stock. KeyCorp also issued estimates for Gulfport Energy’s Q4 2017 earnings at $0.55 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.58 EPS and Q4 2018 earnings at $0.65 EPS.

A number of other equities analysts have also recently weighed in on the company. Jefferies Group set a $20.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, August 29th. Williams Capital set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Monday, October 23rd. Piper Jaffray Companies lowered their price target on Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, September 18th. SunTrust Banks reiterated a “buy” rating and set a $25.00 price target on shares of Gulfport Energy in a report on Tuesday, October 24th. Finally, Barclays cut Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.52.

Shares of Gulfport Energy (NASDAQ GPOR) opened at $12.19 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $2,280.00, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.31 and a beta of 0.69. Gulfport Energy has a twelve month low of $10.90 and a twelve month high of $24.76.

Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The company had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The firm’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 earnings per share.

In other news, Director Paul D. Westerman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the purchase, the director now directly owns 15,488 shares of the company’s stock, valued at approximately $197,472. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in GPOR. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Gulfport Energy 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 last quarter. Riverhead Capital Management LLC grew its stake in shares of Gulfport Energy 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 last quarter. World Asset Management Inc purchased a new position in shares of Gulfport Energy in the 2nd quarter valued at approximately $150,000. BKS Advisors LLC purchased a new position in shares of Gulfport Energy in the 3rd quarter valued at approximately $161,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Gulfport Energy by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after purchasing an additional 520 shares during the last quarter. Institutional investors own 86.93% 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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