Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at Jefferies Group decreased their Q1 2018 earnings per share estimates for shares of Gulfport Energy in a research note issued on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will earn $0.36 per share for the quarter, down from their previous estimate of $0.38. Jefferies Group currently has a “Buy” rating and a $15.00 target price on the stock. Jefferies Group also issued estimates for Gulfport Energy’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.25 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.25 EPS and Q4 2019 earnings at $0.38 EPS.
A number of other brokerages have also weighed in on GPOR. Credit Suisse Group began coverage on shares of Gulfport Energy in a research note on Monday, December 11th. They issued a “neutral” rating and a $15.00 price target on the stock. Morgan Stanley decreased their price target on shares of Gulfport Energy from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 24th. Mizuho set a $18.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Tuesday, January 16th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $20.00 price target on shares of Gulfport Energy in a research note on Tuesday, January 9th. Finally, ValuEngine lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Gulfport Energy has an average rating of “Buy” and a consensus target price of $18.54.
Gulfport Energy (NASDAQ:GPOR) opened at $9.43 on Tuesday. The firm has a market cap of $1,876.83, a PE ratio of 3.86, a P/E/G ratio of 0.39 and a beta of 0.42. Gulfport Energy has a 12 month low of $8.11 and a 12 month high of $17.82. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.66.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. The firm had revenue of $397.85 million for the quarter, compared to analyst estimates of $337.95 million. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. During the same period last year, the company posted $0.34 EPS.
Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of Gulfport Energy during the 4th quarter valued at approximately $137,000. BKS Advisors LLC purchased a new stake in shares of Gulfport Energy during the 3rd quarter valued at approximately $161,000. Oakbrook Investments LLC purchased a new stake in shares of Gulfport Energy during the 4th quarter valued at approximately $180,000. Delpha Capital Management LLC purchased a new stake in shares of Gulfport Energy during the 4th quarter valued at approximately $187,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Gulfport Energy during the 3rd quarter valued at approximately $211,000. 88.69% of the stock is currently owned by hedge funds and other institutional investors.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $10.14 per share, with a total value of $101,400.00. Following the purchase, the director now directly owns 25,488 shares of the company’s stock, valued at approximately $258,448.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.21% of the company’s stock.
Gulfport Energy announced that its board has approved a stock buyback plan on Monday, January 29th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally 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.
Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.