Gulfport Energy Co. Forecasted to Post Q2 2019 Earnings of $0.27 Per Share (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at Imperial Capital issued their Q2 2019 earnings estimates for Gulfport Energy in a report released on Monday, May 6th, according to Zacks Investment Research. Imperial Capital analyst J. Wangler expects that the oil and gas producer will earn $0.27 per share for the quarter. Imperial Capital also issued estimates for Gulfport Energy’s Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.34 EPS and FY2020 earnings at $2.43 EPS.

GPOR has been the topic of several other reports. Oppenheimer lowered shares of Gulfport Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, April 5th. MKM Partners set a $9.00 target price on shares of Gulfport Energy and gave the company a “hold” rating in a research note on Friday, March 1st. TheStreet downgraded shares of Gulfport Energy from a “c” rating to a “d+” rating in a research note on Wednesday, February 27th. BidaskClub downgraded shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, April 26th. Finally, CIBC reissued a “market perform” rating on shares of Gulfport Energy in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Gulfport Energy currently has an average rating of “Hold” and a consensus target price of $11.43.

Shares of Gulfport Energy stock traded down $0.10 on Wednesday, hitting $5.47. The company’s stock had a trading volume of 2,411,182 shares, compared to its average volume of 3,586,873. Gulfport Energy has a 52-week low of $5.40 and a 52-week high of $13.41. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $961.62 million, a PE ratio of 2.99, a P/E/G ratio of 0.36 and a beta of 0.87.

Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Gulfport Energy had a net margin of 29.83% and a return on equity of 8.28%. The company had revenue of $320.58 million for the quarter, compared to analyst estimates of $313.11 million. During the same period in the previous year, the firm earned $0.56 EPS. The business’s revenue was down 1.5% on a year-over-year basis.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Gulfport Energy by 28.8% during the 4th quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock valued at $160,873,000 after acquiring an additional 5,492,062 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gulfport Energy by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,687,995 shares of the oil and gas producer’s stock valued at $96,209,000 after acquiring an additional 114,266 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Gulfport Energy by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 13,541,721 shares of the oil and gas producer’s stock valued at $140,969,000 after acquiring an additional 283,479 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Gulfport Energy by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,541,721 shares of the oil and gas producer’s stock valued at $140,969,000 after acquiring an additional 283,479 shares during the last quarter. Finally, Oslo Asset Management AS increased its stake in shares of Gulfport Energy by 73.1% during the 4th quarter. Oslo Asset Management AS now owns 5,234,914 shares of the oil and gas producer’s stock valued at $34,289,000 after acquiring an additional 2,210,800 shares during the last quarter. 98.62% of the stock is owned by institutional investors.

In related news, CEO David M. Wood acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $8.06 per share, with a total value of $80,600.00. Following the purchase, the chief executive officer now directly owns 360,610 shares in the company, valued at approximately $2,906,516.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.32% of the company’s stock.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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

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