Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at KeyCorp increased their Q1 2017 earnings per share estimates for Gulfport Energy Corporation in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the firm will post earnings per share of $0.44 for the quarter, up from their previous estimate of $0.41. KeyCorp also issued estimates for Gulfport Energy Corporation’s Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.94 EPS and FY2018 earnings at $3.07 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The firm had revenue of $193.70 million for the quarter, compared to the consensus estimate of $170.57 million. During the same quarter last year, the company earned ($0.08) earnings per share. The firm’s revenue was down 16.0% on a year-over-year basis.

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Earnings History and Estimates for Gulfport Energy Corporation (NASDAQ:GPOR)

Several other research firms have also weighed in on GPOR. Goldman Sachs Group, Inc. (The) upgraded shares of Gulfport Energy Corporation from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Tuesday, October 18th. Mizuho began coverage on shares of Gulfport Energy Corporation in a report on Wednesday, October 5th. They set a “buy” rating and a $35.00 price objective on the stock. Stephens upgraded shares of Gulfport Energy Corporation from an “equal weight” rating to an “overweight” rating and set a $29.00 price objective on the stock in a report on Monday, December 19th. Canaccord Genuity set a $33.00 price objective on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Finally, Credit Suisse Group restated a “buy” rating and set a $37.00 price objective on shares of Gulfport Energy Corporation in a report on Monday, December 19th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.32.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 20.79 on Thursday. The company’s market capitalization is $2.61 billion. Gulfport Energy Corporation has a 12-month low of $20.24 and a 12-month high of $34.67. The firm’s 50-day moving average is $24.68 and its 200-day moving average is $27.21.

Institutional investors have recently modified their holdings of the stock. Boston Partners boosted its position in shares of Gulfport Energy Corporation by 4,517.3% in the third quarter. Boston Partners now owns 12,808,323 shares of the company’s stock valued at $361,835,000 after buying an additional 12,530,923 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Gulfport Energy Corporation by 93.2% in the second quarter. Alliancebernstein L.P. now owns 3,302,962 shares of the company’s stock valued at $103,251,000 after buying an additional 1,593,029 shares during the last quarter. Cobalt Capital Management Inc. boosted its position in shares of Gulfport Energy Corporation by 228.8% in the third quarter. Cobalt Capital Management Inc. now owns 1,512,936 shares of the company’s stock valued at $42,740,000 after buying an additional 1,052,835 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Gulfport Energy Corporation during the second quarter valued at approximately $28,767,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Gulfport Energy Corporation by 31.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,039,977 shares of the company’s stock valued at $85,879,000 after buying an additional 719,571 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

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About Gulfport Energy Corporation

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.

5 Day Chart for NASDAQ:GPOR

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