Gulfport Energy Co. to Post Q1 2018 Earnings of $0.43 Per Share, KeyCorp Forecasts (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Analysts at KeyCorp issued their Q1 2018 EPS estimates for Gulfport Energy in a report released on Sunday. KeyCorp analyst D. Deckelbaum forecasts that the oil and gas producer will post earnings of $0.43 per share for the quarter. KeyCorp also issued estimates for Gulfport Energy’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.43 EPS and Q4 2018 earnings at $0.50 EPS.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.14. The business had revenue of $333 million for the quarter, compared to analyst estimates of $224.93 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s revenue for the quarter was up 112.2% on a year-over-year basis.

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

Several other research firms have also issued reports on GPOR. Scotiabank set a $35.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Tuesday, February 14th. Williams Capital reissued a “buy” rating on shares of Gulfport Energy in a research report on Thursday, March 23rd. Credit Suisse Group AG reissued a “buy” rating and issued a $33.00 price target on shares of Gulfport Energy in a research report on Sunday, February 5th. Zacks Investment Research raised shares of Gulfport Energy from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, January 31st. Finally, KLR Group reissued a “buy” rating and issued a $22.00 price target (down previously from $23.00) on shares of Gulfport Energy in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Gulfport Energy has a consensus rating of “Buy” and a consensus price target of $29.45.

Gulfport Energy (NASDAQ:GPOR) opened at 15.47 on Wednesday. The firm’s market cap is $2.83 billion. Gulfport Energy has a 12 month low of $14.77 and a 12 month high of $34.67. The firm’s 50 day moving average is $16.25 and its 200-day moving average is $19.98.

A number of large investors have recently bought and sold shares of GPOR. Elkfork Partners LLC bought a new position in shares of Gulfport Energy during the fourth quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Gulfport Energy by 54.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 2,143 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Gulfport Energy by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 2,352 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Gulfport Energy by 38.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock valued at $177,000 after buying an additional 2,856 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Gulfport Energy by 20.5% in the first quarter. LS Investment Advisors LLC now owns 10,285 shares of the oil and gas producer’s stock valued at $177,000 after buying an additional 1,747 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

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.

12 Month Chart for NASDAQ:GPOR

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