Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at KeyCorp upped their Q1 2018 earnings per share estimates for shares of Gulfport Energy in a research report issued on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will post earnings of $0.40 per share for the quarter, up from their prior estimate of $0.39. KeyCorp has a “Buy” rating and a $15.00 price target on the stock. KeyCorp also issued estimates for Gulfport Energy’s FY2018 earnings at $1.54 EPS.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. The company had revenue of $397.85 million for the quarter, compared to the consensus estimate of $337.95 million. During the same quarter in the previous year, the company earned $0.34 EPS.
Other research analysts also recently issued research reports about the stock. Credit Suisse Group assumed coverage on shares of Gulfport Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $15.00 target price on the stock. BidaskClub downgraded shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Mizuho set a $18.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Tuesday, January 16th. Williams Capital set a $18.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Barclays lowered shares of Gulfport Energy 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, November 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. Gulfport Energy has an average rating of “Buy” and an average price target of $18.63.
Gulfport Energy (NASDAQ GPOR) opened at $10.12 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62. Gulfport Energy has a 1 year low of $8.11 and a 1 year high of $17.82. The stock has a market cap of $1,942.75, a price-to-earnings ratio of 4.15, a P/E/G ratio of 0.41 and a beta of 0.42.
Hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System grew its stake in shares of Gulfport Energy by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock worth $10,485,000 after acquiring an additional 13,888 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Gulfport Energy in the 3rd quarter worth $292,000. Dimensional Fund Advisors LP grew its stake in shares of Gulfport Energy 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 acquiring an additional 1,881,196 shares in the last quarter. Swiss National Bank grew its stake in shares of Gulfport Energy by 4.0% in the 3rd quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock worth $3,947,000 after acquiring an additional 10,700 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Gulfport Energy by 9.3% in the 3rd quarter. Prudential Financial Inc. now owns 1,098,476 shares of the oil and gas producer’s stock worth $15,752,000 after acquiring an additional 93,011 shares in the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.
In other news, Director Paul D. Westerman bought 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the purchase, the director now directly owns 25,488 shares in the company, valued at approximately $258,448.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.
Gulfport Energy declared that its board has authorized a stock buyback plan on Monday, January 29th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the oil and gas producer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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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