Gulfport Energy Corporation (NASDAQ:GPOR) – Stock analysts at KeyCorp dropped their FY2017 EPS estimates for Gulfport Energy Corporation in a research note issued on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will post earnings of $1.28 per share for the year, down from their prior estimate of $1.30. KeyCorp currently has a “Buy” rating and a $18.00 price objective on the stock. KeyCorp also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.33 EPS and FY2018 earnings at $1.28 EPS.
Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The company’s revenue was up 1052.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share.
A number of other equities analysts have also issued reports on GPOR. Scotiabank reaffirmed a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a report on Friday, June 30th. Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, July 12th. BidaskClub cut shares of Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co cut shares of Gulfport Energy Corporation from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $17.00 in a research note on Thursday, July 20th. Finally, Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company’s stock. Gulfport Energy Corporation presently has a consensus rating of “Buy” and an average price target of $23.13.
Shares of Gulfport Energy Corporation (GPOR) opened at 13.57 on Monday. The company’s market cap is $2.48 billion. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $29.92. The firm’s 50-day moving average is $13.90 and its 200-day moving average is $14.07.
Several institutional investors and hedge funds have recently bought and sold shares of GPOR. BlackRock Inc. raised its stake in shares of Gulfport Energy Corporation by 13,258.8% in the 1st quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Gulfport Energy Corporation in the 2nd quarter worth $77,784,000. Dimensional Fund Advisors LP raised its stake in shares of Gulfport Energy Corporation by 122.4% in 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 buying an additional 1,794,132 shares in the last quarter. State Street Corp raised its stake in shares of Gulfport Energy Corporation by 27.4% in 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 buying an additional 1,389,369 shares in the last quarter. Finally, Kingdon Capital Management L.L.C. bought a new stake in shares of Gulfport Energy Corporation in the 2nd quarter worth $15,934,000. 86.88% of the stock is currently owned by 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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