FY2017 EPS Estimates for Gulfport Energy Corporation (GPOR) Raised by Analyst
Gulfport Energy Corporation (NASDAQ:GPOR) – US Capital Advisors increased their FY2017 earnings per share estimates for Gulfport Energy Corporation in a research note issued on Monday. US Capital Advisors analyst C. Horwitz now expects that the oil and gas producer will post earnings of $1.26 per share for the year, up from their prior estimate of $1.19. US Capital Advisors also issued estimates for Gulfport Energy Corporation’s Q1 2019 earnings at $0.46 EPS and FY2019 earnings at $1.38 EPS.
Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Gulfport Energy Corporation 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 analysts’ expectations of $302.33 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Gulfport Energy Corporation (GPOR) Raised by Analyst” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/fy2017-eps-estimates-for-gulfport-energy-corporation-gpor-raised-by-analyst/1719208.html.
Several other equities research analysts have also recently commented on the company. Barclays PLC cut Gulfport Energy Corporation from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research note on Monday. Zacks Investment Research cut Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub cut Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Piper Jaffray Companies decreased their price target on Gulfport Energy Corporation from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Finally, Scotiabank reissued a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy Corporation in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $22.30.
Gulfport Energy Corporation (NASDAQ GPOR) opened at $12.40 on Wednesday. The stock has a market capitalization of $2,314.15, a P/E ratio of 9.65, a P/E/G ratio of 0.31 and a beta of 0.69. Gulfport Energy Corporation has a fifty-two week low of $10.90 and a fifty-two week high of $29.92. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Gulfport Energy Corporation by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 13,274,246 shares of the oil and gas producer’s stock valued at $195,796,000 after acquiring an additional 786,991 shares in the last quarter. Boston Partners raised its holdings in shares of Gulfport Energy Corporation by 3.8% in the 2nd quarter. Boston Partners now owns 12,524,347 shares of the oil and gas producer’s stock worth $184,734,000 after buying an additional 460,406 shares in the last quarter. State Street Corp raised its holdings in shares of Gulfport Energy Corporation 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 buying an additional 979,127 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Gulfport Energy Corporation by 22.6% in the 3rd quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock worth $92,740,000 after buying an additional 1,193,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Gulfport Energy Corporation by 57.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock worth $73,731,000 after buying an additional 1,881,196 shares in the last quarter. 85.74% of the stock is owned by institutional investors and hedge funds.
Gulfport Energy Corporation 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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