Gulfport Energy Co. (NASDAQ:GPOR) Expected to Post Earnings of $0.25 Per Share

Equities research analysts expect Gulfport Energy Co. (NASDAQ:GPOR) to report $0.25 earnings per share (EPS) for the current quarter, Zacks reports. Nine analysts have provided estimates for Gulfport Energy’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.32. Gulfport Energy reported earnings of $0.49 per share during the same quarter last year, which would suggest a negative year over year growth rate of 49%. The business is expected to report its next earnings results on Thursday, November 7th.

On average, analysts expect that Gulfport Energy will report full-year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $0.79 to $1.28. For the next financial year, analysts forecast that the firm will post earnings of $0.89 per share, with EPS estimates ranging from ($0.07) to $2.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover Gulfport Energy.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. The firm had revenue of $459.00 million for the quarter, compared to analyst estimates of $312.43 million. During the same period last year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was up 81.6% compared to the same quarter last year.

GPOR has been the topic of a number of recent research reports. Jefferies Financial Group lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $11.00 to $5.00 in a research note on Monday, July 15th. Piper Jaffray Companies set a $7.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Friday, August 16th. BidaskClub lowered shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 16th. Williams Capital lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.75 price target on the stock in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Gulfport Energy has an average rating of “Hold” and a consensus target price of $9.68.

Shares of Gulfport Energy stock traded up $0.01 during trading hours on Wednesday, reaching $3.03. The company’s stock had a trading volume of 3,670,169 shares, compared to its average volume of 4,021,782. Gulfport Energy has a one year low of $2.84 and a one year high of $12.08. The company has a market capitalization of $500.37 million, a P/E ratio of 1.66, a P/E/G ratio of 0.26 and a beta of 0.81. The stock’s fifty day simple moving average is $3.65 and its two-hundred day simple moving average is $6.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPOR. Versant Capital Management Inc grew its stake in Gulfport Energy by 567.1% during the first quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 3,448 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in Gulfport Energy in the first quarter valued at approximately $35,000. Coastal Capital Group Inc. acquired a new position in Gulfport Energy in the second quarter valued at approximately $34,000. Cetera Advisor Networks LLC acquired a new position in Gulfport Energy in the first quarter valued at approximately $84,000. Finally, Magnus Financial Group LLC acquired a new position in Gulfport Energy in the second quarter valued at approximately $57,000. 96.49% of the stock is currently owned by institutional investors.

About Gulfport Energy

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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