Equities analysts expect that Gulfport Energy Co. (NASDAQ:GPOR) will post $348.51 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Gulfport Energy’s earnings. The lowest sales estimate is $326.00 million and the highest is $401.00 million. Gulfport Energy posted sales of $333.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The business is expected to report its next earnings results on Monday, May 14th.
On average, analysts expect that Gulfport Energy will report full-year sales of $1.36 billion for the current year, with estimates ranging from $1.31 billion to $1.51 billion. For the next financial year, analysts forecast that the business will report sales of $1.40 billion per share, with estimates ranging from $1.18 billion to $1.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Gulfport Energy.
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 (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. The firm had revenue of $397.85 million for the quarter, compared to analyst estimates of $337.95 million. During the same period in the previous year, the company posted $0.34 earnings per share.
GPOR stock opened at $9.63 on Friday. Gulfport Energy has a 1-year low of $8.11 and a 1-year high of $17.32. The company has a market capitalization of $1,779.79, a PE ratio of 6.85, a P/E/G ratio of 0.38 and a beta of 0.33. 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 announced that its board has initiated a stock buyback program on Monday, January 29th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Paul D. Westerman purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $10.14 per share, with a total value of $101,400.00. Following the acquisition, the director now directly owns 25,488 shares of the company’s stock, valued at $258,448.32. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in shares of Gulfport Energy in the 4th quarter worth about $137,000. Oakbrook Investments LLC bought a new stake in Gulfport Energy during the 4th quarter valued at about $180,000. Delpha Capital Management LLC bought a new stake in shares of Gulfport Energy in the fourth quarter worth approximately $187,000. GSA Capital Partners LLP bought a new stake in shares of Gulfport Energy in the third quarter worth approximately $223,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Gulfport Energy by 8,800.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,800 shares of the oil and gas producer’s stock worth $227,000 after acquiring an additional 17,600 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.
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 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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