Gulfport Energy Co. (GPOR) Expected to Post Quarterly Sales of $331.32 Million

Wall Street brokerages expect that Gulfport Energy Co. (NASDAQ:GPOR) will report sales of $331.32 million for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Gulfport Energy’s earnings, with estimates ranging from $324.00 million to $348.38 million. Gulfport Energy posted sales of $323.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, August 14th.

On average, analysts expect that Gulfport Energy will report full-year sales of $1.36 billion for the current year, with estimates ranging from $1.31 billion to $1.45 billion. For the next fiscal year, analysts expect that the company will post sales of $1.42 billion per share, with estimates ranging from $1.25 billion to $1.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Gulfport Energy.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.14. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The company had revenue of $325.40 million for the quarter, compared to analyst estimates of $354.46 million. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year.

A number of equities research analysts have weighed in on GPOR shares. Williams Capital set a $14.00 price objective on Gulfport Energy and gave the company a “buy” rating in a report on Wednesday, May 9th. BidaskClub raised Gulfport Energy from a “sell” rating to a “hold” rating in a report on Monday, March 5th. Zacks Investment Research raised Gulfport Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Jefferies Group set a $17.00 price objective on Gulfport Energy and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, ValuEngine lowered Gulfport Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $16.06.

In related news, Director Paul D. Westerman purchased 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, May 29th. The stock was bought at an average cost of $10.33 per share, for a total transaction of $103,300.00. Following the transaction, the director now owns 35,488 shares in the company, valued at $366,591.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Gulfport Energy by 14.8% during the 1st quarter. Legal & General Group Plc now owns 186,645 shares of the oil and gas producer’s stock valued at $1,802,000 after acquiring an additional 24,072 shares during the period. Brookfield Asset Management Inc. acquired a new position in shares of Gulfport Energy during the 1st quarter worth approximately $1,930,000. Millennium Management LLC raised its position in shares of Gulfport Energy by 191.3% during the 1st quarter. Millennium Management LLC now owns 3,642,957 shares of the oil and gas producer’s stock worth $35,155,000 after purchasing an additional 2,392,339 shares during the last quarter. TLP Group LLC raised its position in shares of Gulfport Energy by 9,468.3% during the 1st quarter. TLP Group LLC now owns 48,224 shares of the oil and gas producer’s stock worth $465,000 after purchasing an additional 47,720 shares during the last quarter. Finally, Saba Capital Management L.P. acquired a new position in shares of Gulfport Energy during the 1st quarter worth approximately $1,037,000. Institutional investors own 92.28% of the company’s stock.

GPOR traded up $0.34 during trading on Monday, reaching $10.48. The company’s stock had a trading volume of 3,103,400 shares, compared to its average volume of 4,424,363. Gulfport Energy has a 52-week low of $8.11 and a 52-week high of $15.09. The firm has a market capitalization of $1.79 billion, a PE ratio of 7.43, a P/E/G ratio of 0.35 and a beta of 0.38. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.73.

Gulfport Energy Company Profile

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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