Gulfport Energy Corporation (NASDAQ:GPOR) – KeyCorp lifted their FY2018 earnings per share (EPS) estimates for Gulfport Energy in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas producer will post earnings per share of $2.34 for the year, up from their prior forecast of $2.12. KeyCorp currently has a “Buy” rating and a $18.00 target price on the stock. KeyCorp also issued estimates for Gulfport Energy’s Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.69 EPS and FY2019 earnings at $2.85 EPS.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The business had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. During the same quarter last year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 37.1% compared to the same quarter last year.
GPOR has been the topic of a number of other reports. Morgan Stanley boosted their price objective on Gulfport Energy from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. Jefferies Group set a $20.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Mizuho reaffirmed a “buy” rating and set a $23.00 price target on shares of Gulfport Energy in a research note on Wednesday, October 4th. Scotiabank reaffirmed a “buy” rating and set a $23.00 price target on shares of Gulfport Energy in a research note on Monday, October 9th. Finally, Zacks Investment Research lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.57.
Gulfport Energy (GPOR) traded down $0.52 on Friday, hitting $12.19. The stock had a trading volume of 3,340,600 shares, compared to its average volume of 3,701,178. The company has a market capitalization of $2,326.97, a PE ratio of 9.70, a PEG ratio of 0.31 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy has a 1-year low of $10.90 and a 1-year high of $24.76.
In other news, Director Paul D. Westerman purchased 10,000 shares of Gulfport Energy stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average price of $12.75 per share, with a total value of $127,500.00. Following the completion of the transaction, the director now directly owns 15,488 shares of the company’s stock, valued at $197,472. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Janus Henderson Group PLC purchased a new position in shares of Gulfport Energy during the 2nd quarter valued at $77,784,000. Victory Capital Management Inc. lifted its stake in Gulfport Energy by 246.5% in the 3rd quarter. Victory Capital Management Inc. now owns 3,015,217 shares of the oil and gas producer’s stock worth $43,239,000 after purchasing an additional 2,145,082 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gulfport Energy by 57.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after buying an additional 1,881,196 shares in the last quarter. Kingdon Capital Management L.L.C. bought a new position in Gulfport Energy during the 2nd quarter valued at about $15,934,000. Finally, State Street Corp grew its stake in Gulfport Energy by 15.1% in the 2nd quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock worth $109,780,000 after acquiring an additional 979,127 shares in the last quarter. 86.93% of the stock is owned by institutional investors and hedge funds.
Gulfport Energy 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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