Gulfport Energy Co. (NASDAQ:GPOR) – Equities research analysts at US Capital Advisors boosted their Q1 2018 earnings per share estimates for shares of Gulfport Energy in a report released on Monday, April 23rd. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings per share of $0.34 for the quarter, up from their prior estimate of $0.28. US Capital Advisors also issued estimates for Gulfport Energy’s Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.30 EPS, Q1 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $0.97 EPS, Q1 2020 earnings at $0.32 EPS and FY2020 earnings at $0.82 EPS.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $337.95 million. During the same quarter in the prior year, the company posted $0.34 earnings per share.
NASDAQ:GPOR opened at $9.70 on Wednesday. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $17.16. The company has a market capitalization of $1,649.78, a P/E ratio of 6.88, a PEG ratio of 0.34 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 declared that its Board of Directors has approved a stock repurchase program on Monday, January 29th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas producer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Paul D. Westerman acquired 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director now owns 25,488 shares in the company, valued at approximately $258,448.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.
A number of hedge funds have recently modified their holdings of GPOR. State of Alaska Department of Revenue bought a new position in Gulfport Energy in the fourth quarter worth $137,000. Oakbrook Investments LLC bought a new position in Gulfport Energy in the fourth quarter worth $180,000. Delpha Capital Management LLC bought a new position in Gulfport Energy in the fourth quarter worth $187,000. GSA Capital Partners LLP bought a new position in Gulfport Energy in the third quarter worth $223,000. Finally, Nisa Investment Advisors LLC lifted its position in 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 purchasing an additional 17,600 shares during the period. 88.78% of the stock is owned by hedge funds and other 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 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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