Gulfport Energy Co. (NASDAQ:GPOR) – Analysts at Piper Jaffray Companies dropped their Q3 2018 earnings estimates for Gulfport Energy in a report released on Monday, August 27th. Piper Jaffray Companies analyst D. Kistler now anticipates that the oil and gas producer will earn $0.25 per share for the quarter, down from their prior forecast of $0.26. Piper Jaffray Companies also issued estimates for Gulfport Energy’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS, FY2019 earnings at $1.22 EPS, Q1 2020 earnings at $0.44 EPS, Q2 2020 earnings at $0.15 EPS and FY2020 earnings at $1.06 EPS.

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Jefferies Financial Group set a $15.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Tuesday, May 15th. JPMorgan Chase & Co. set a $13.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Thursday, May 31st. KeyCorp lowered their target price on shares of Gulfport Energy from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, May 24th. Finally, Williams Capital restated a “buy” rating and issued a $16.00 target price on shares of Gulfport Energy in a research note on Monday, July 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.45.

Shares of GPOR opened at $11.40 on Wednesday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.39 and a beta of 0.21. Gulfport Energy has a twelve month low of $8.11 and a twelve month high of $15.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.53.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $252.74 million during the quarter, compared to the consensus estimate of $329.40 million. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. Gulfport Energy’s revenue was down 22.0% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share.

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new position in shares of Gulfport Energy during the second quarter worth $101,000. Element Capital Management LLC purchased a new position in shares of Gulfport Energy during the first quarter worth $140,000. Sigma Planning Corp purchased a new position in shares of Gulfport Energy during the second quarter worth $154,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Gulfport Energy during the second quarter worth $170,000. Finally, KBC Group NV purchased a new position in shares of Gulfport Energy during the first quarter worth $205,000. 95.21% of the stock is owned by hedge funds and other institutional investors.

In other Gulfport Energy news, VP Steve Baldwin sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $11.00, for a total value of $110,000.00. Following the completion of the transaction, the vice president now owns 40,918 shares of the company’s stock, valued at $450,098. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.

About Gulfport Energy

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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

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