Q3 2017 Earnings Forecast for Gulfport Energy Corporation Issued By Capital One Financial Corporation (GPOR)
Gulfport Energy Corporation (NASDAQ:GPOR) – Analysts at Capital One Financial Corporation raised their Q3 2017 earnings per share estimates for Gulfport Energy Corporation in a report released on Wednesday. Capital One Financial Corporation analyst B. Velie now expects that the oil and gas producer will post earnings per share of $0.43 for the quarter, up from their previous estimate of $0.42. Capital One Financial Corporation also issued estimates for Gulfport Energy Corporation’s FY2017 earnings at $1.53 EPS and FY2018 earnings at $2.15 EPS.
Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS 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 company had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same period last year, the business posted $0.24 earnings per share. The firm’s revenue was up 1052.7% compared to the same quarter last year.
A number of other analysts also recently issued reports on GPOR. BidaskClub raised Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Williams Capital set a $21.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus decreased their price target on Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, August 14th. Mizuho reaffirmed a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a report on Wednesday. Finally, Zacks Investment Research raised Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $23.82.
Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 14.38 on Thursday. The stock’s market capitalization is $2.63 billion. The firm has a 50-day moving average price of $13.26 and a 200-day moving average price of $14.32. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. BlackRock Inc. increased its position in Gulfport Energy Corporation by 13,258.8% during the 1st quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after purchasing an additional 22,422,387 shares during the period. Janus Henderson Group PLC acquired a new position in Gulfport Energy Corporation during the 2nd quarter worth approximately $77,784,000. Snow Capital Management LP acquired a new position in Gulfport Energy Corporation during the 1st quarter worth approximately $54,535,000. Point72 Asset Management L.P. acquired a new position in Gulfport Energy Corporation during the 1st quarter worth approximately $41,689,000. Finally, Dimensional Fund Advisors LP increased its position in Gulfport Energy Corporation by 122.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after purchasing an additional 1,794,132 shares during the period. Institutional investors own 86.65% of the company’s stock.
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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