Analysts expect that Gulfport Energy Co. (NASDAQ:GPOR) will post earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Gulfport Energy’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.51. Gulfport Energy reported earnings of $0.32 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 14th.
On average, analysts expect that Gulfport Energy will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $0.97 to $2.14. For the next fiscal year, analysts expect that the company will post earnings of $1.22 per share, with EPS estimates ranging from $0.54 to $2.09. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $397.85 million for the quarter, compared to analyst estimates of $337.95 million. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. During the same quarter in the previous year, the business earned $0.34 earnings per share.
Shares of NASDAQ:GPOR opened at $9.63 on Wednesday. The firm has a market cap of $1,779.79, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.38 and a beta of 0.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.66. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $17.32.
Gulfport Energy declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 29th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas producer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In related news, Director Paul D. Westerman acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director now owns 25,488 shares of the company’s stock, valued at $258,448.32. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Gulfport Energy during the fourth quarter valued at about $137,000. Oakbrook Investments LLC acquired a new position in shares of Gulfport Energy during the fourth quarter valued at about $180,000. Delpha Capital Management LLC acquired a new position in shares of Gulfport Energy during the fourth quarter valued at about $187,000. GSA Capital Partners LLP acquired a new position in shares of Gulfport Energy during the third quarter valued at about $223,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Gulfport Energy by 8,800.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,800 shares of the oil and gas producer’s stock worth $227,000 after acquiring an additional 17,600 shares in the last quarter. Hedge funds and other institutional investors own 88.81% 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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