Wall Street analysts expect that Gulfport Energy Co. (NASDAQ:GPOR) will announce $345.17 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Gulfport Energy’s earnings, with the lowest sales estimate coming in at $335.00 million and the highest estimate coming in at $362.10 million. Gulfport Energy posted sales of $265.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Gulfport Energy will report full-year sales of $1.30 billion for the current financial year, with estimates ranging from $1.25 billion to $1.38 billion. For the next year, analysts forecast that the business will report sales of $1.44 billion per share, with estimates ranging from $1.35 billion to $1.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The firm had revenue of $252.74 million for the quarter, compared to analyst estimates of $329.40 million. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. Gulfport Energy’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS.
A number of research analysts have weighed in on the stock. KeyCorp decreased their target price on shares of Gulfport Energy from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, May 24th. Stifel Nicolaus assumed coverage on shares of Gulfport Energy in a research note on Wednesday, May 23rd. They issued a “buy” rating and a $13.40 target price on the stock. Williams Capital reissued a “buy” rating and issued a $16.00 target price on shares of Gulfport Energy in a research note on Wednesday, May 23rd. BidaskClub raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Finally, JPMorgan Chase & Co. set a $13.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, May 31st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. Gulfport Energy has a consensus rating of “Hold” and a consensus target price of $15.40.
In other news, VP Steve Baldwin sold 10,000 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $11.00, for a total transaction of $110,000.00. Following the sale, the vice president now owns 40,918 shares of the company’s stock, valued at approximately $450,098. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Gulfport Energy by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,920,781 shares of the oil and gas producer’s stock valued at $24,144,000 after purchasing an additional 131,859 shares during the last quarter. Schroder Investment Management Group increased its holdings in Gulfport Energy by 6.2% in the 2nd quarter. Schroder Investment Management Group now owns 5,540,742 shares of the oil and gas producer’s stock valued at $68,650,000 after purchasing an additional 323,782 shares during the last quarter. Energy Opportunities Capital Management LLC increased its holdings in Gulfport Energy by 31.4% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 122,005 shares of the oil and gas producer’s stock valued at $1,534,000 after purchasing an additional 29,150 shares during the last quarter. Delphi Management Inc. MA increased its holdings in Gulfport Energy by 414.8% in the 2nd quarter. Delphi Management Inc. MA now owns 159,945 shares of the oil and gas producer’s stock valued at $1,841,000 after purchasing an additional 128,875 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Gulfport Energy in the 2nd quarter valued at approximately $548,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.
Gulfport Energy stock traded up $0.01 during midday trading on Friday, reaching $10.72. The company had a trading volume of 3,350,070 shares, compared to its average volume of 2,839,582. The firm has a market capitalization of $1.83 billion, a PE ratio of 6.36, a P/E/G ratio of 0.34 and a beta of 0.35. Gulfport Energy has a 12-month low of $8.11 and a 12-month high of $15.08. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67.
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 the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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