Jefferies Group Analysts Boost Earnings Estimates for Gulfport Energy Co. (GPOR)
Gulfport Energy Co. (NASDAQ:GPOR) – Jefferies Group boosted their Q2 2018 earnings per share estimates for Gulfport Energy in a report issued on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will post earnings of $0.29 per share for the quarter, up from their prior forecast of $0.26. Jefferies Group currently has a “Buy” rating and a $20.00 price target on the stock.
A number of other equities research analysts have also recently commented on GPOR. Williams Capital restated a “buy” rating and set a $28.00 target price on shares of Gulfport Energy in a research note on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and set a $29.00 target price on shares of Gulfport Energy in a research note on Friday, April 21st. Barclays PLC restated an “overweight” rating and set a $28.00 target price (down previously from $30.00) on shares of Gulfport Energy in a research note on Saturday, April 22nd. Scotiabank set a $29.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Monday, May 8th. Finally, KLR Group restated a “buy” rating and set a $22.00 target price (down previously from $23.00) on shares of Gulfport Energy in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Gulfport Energy currently has a consensus rating of “Buy” and a consensus price target of $25.77.
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Shares of Gulfport Energy (GPOR) traded up 2.6179% during trading on Wednesday, reaching $12.1397. 1,542,466 shares of the company traded hands. The company’s market capitalization is $2.22 billion. Gulfport Energy has a 52 week low of $10.90 and a 52 week high of $30.47. The company’s 50-day moving average price is $13.21 and its 200-day moving average price is $15.74.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. Gulfport Energy had a net margin of 32.70% and a return on equity of 14.87%. Gulfport Energy’s revenue for the quarter was up 1052.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Gulfport Energy by 13,258.8% in the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares during the period. Vanguard Group Inc. raised its position in Gulfport Energy by 6.3% in the second quarter. Vanguard Group Inc. now owns 13,274,246 shares of the oil and gas producer’s stock valued at $195,796,000 after buying an additional 786,991 shares during the last quarter. Boston Partners raised its position in Gulfport Energy by 3.8% in the second quarter. Boston Partners now owns 12,524,347 shares of the oil and gas producer’s stock valued at $184,734,000 after buying an additional 460,406 shares during the last quarter. State Street Corp raised its position in Gulfport Energy by 15.1% in the second quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock valued at $109,780,000 after buying an additional 979,127 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Gulfport Energy during the second quarter valued at approximately $77,784,000. 88.20% of the stock is owned by hedge funds and other institutional investors.
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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