Oppenheimer Comments on Gulfport Energy Co.’s Q1 2020 Earnings (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at Oppenheimer raised their Q1 2020 earnings per share estimates for shares of Gulfport Energy in a report issued on Wednesday, January 9th. Oppenheimer analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $0.44 for the quarter, up from their previous estimate of $0.41. Oppenheimer has a “Buy” rating and a $18.00 price objective on the stock. Oppenheimer also issued estimates for Gulfport Energy’s Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.34 EPS, Q4 2020 earnings at $0.48 EPS and FY2020 earnings at $1.58 EPS.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.11. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. The business had revenue of $360.96 million during the quarter, compared to the consensus estimate of $360.39 million.

Several other research analysts also recently commented on GPOR. BidaskClub raised Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Piper Jaffray Companies set a $13.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research note on Monday, October 8th. Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, October 16th. Williams Capital set a $16.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research note on Thursday, October 18th. Finally, Wells Fargo & Co downgraded Gulfport Energy from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Tuesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.52.

NASDAQ GPOR opened at $8.16 on Thursday. Gulfport Energy has a one year low of $6.18 and a one year high of $13.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $1.38 billion, a P/E ratio of 5.79, a PEG ratio of 0.41 and a beta of 0.71.

In related news, Director Paul D. Westerman bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was bought at an average cost of $8.44 per share, for a total transaction of $84,400.00. Following the acquisition, the director now directly owns 56,689 shares in the company, valued at $478,455.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. First Hawaiian Bank purchased a new position in shares of Gulfport Energy during the 4th quarter worth $45,000. Dupont Capital Management Corp purchased a new position in shares of Gulfport Energy during the 3rd quarter worth $103,000. Riverhead Capital Management LLC purchased a new position in shares of Gulfport Energy during the 3rd quarter worth $147,000. Alambic Investment Management L.P. purchased a new position in shares of Gulfport Energy during the 3rd quarter worth $149,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Gulfport Energy by 91.0% during the 3rd quarter. Acadian Asset Management LLC now owns 15,338 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 7,308 shares during the period. Institutional investors own 98.43% of the company’s stock.

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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