Gulfport Energy Corporation (NASDAQ:GPOR) – Equities research analysts at Jefferies Group dropped their Q2 2018 earnings estimates for Gulfport Energy Corporation in a report issued on Tuesday. Jefferies Group analyst Z. Parham now anticipates that the oil and gas producer will earn $0.27 per share for the quarter, down from their prior estimate of $0.29. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock.

Several other research firms have also issued reports on GPOR. KLR Group restated a “buy” rating and issued a $22.00 price target (down from $23.00) on shares of Gulfport Energy Corporation in a research report on Wednesday, May 17th. Scotiabank set a $29.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Monday, May 8th. Williams Capital restated a “buy” rating and issued a $27.00 price target on shares of Gulfport Energy Corporation in a research report on Tuesday, May 9th. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.14.

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Gulfport Energy Corporation (NASDAQ GPOR) traded up 3.35% during mid-day trading on Thursday, reaching $12.64. The company had a trading volume of 573,482 shares. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47. The firm’s market capitalization is $2.31 billion. The stock’s 50-day moving average is $12.66 and its 200 day moving average is $15.30.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The business had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter last year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was up 1052.7% on a year-over-year basis.

Hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in Gulfport Energy Corporation by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 131,324 shares of the oil and gas producer’s stock worth $2,842,000 after buying an additional 6,361 shares in the last quarter. Bank of Montreal Can increased its stake in Gulfport Energy Corporation by 1.8% in the first quarter. Bank of Montreal Can now owns 64,073 shares of the oil and gas producer’s stock worth $1,101,000 after buying an additional 1,137 shares in the last quarter. Capstone Asset Management Co. increased its stake in Gulfport Energy Corporation by 23.3% in the first quarter. Capstone Asset Management Co. now owns 12,762 shares of the oil and gas producer’s stock worth $219,000 after buying an additional 2,410 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Gulfport Energy Corporation by 3.9% in the first quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the oil and gas producer’s stock worth $689,000 after buying an additional 1,500 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Gulfport Energy Corporation by 2.9% in the first quarter. Retirement Systems of Alabama now owns 384,342 shares of the oil and gas producer’s stock worth $6,607,000 after buying an additional 10,850 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors and hedge funds.

About Gulfport Energy Corporation

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.

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

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