Imperial Capital Equities Analysts Raise Earnings Estimates for Gulfport Energy Co. (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at Imperial Capital increased their Q3 2018 earnings estimates for shares of Gulfport Energy in a research note issued on Monday, October 22nd. Imperial Capital analyst J. Wangler now anticipates that the oil and gas producer will earn $0.32 per share for the quarter, up from their prior forecast of $0.28. Imperial Capital also issued estimates for Gulfport Energy’s FY2018 earnings at $1.62 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.46 EPS.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The company had revenue of $252.74 million for the quarter, compared to analyst estimates of $329.40 million. During the same quarter last year, the business earned $0.33 earnings per share. The firm’s revenue was down 22.0% on a year-over-year basis.

Several other brokerages have also issued reports on GPOR. BidaskClub upgraded shares of Gulfport Energy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 3rd. Morgan Stanley lifted their target price on shares of Gulfport Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, July 12th. Williams Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Gulfport Energy in a research report on Monday, July 16th. TheStreet upgraded shares of Gulfport Energy from a “d+” rating to a “c” rating in a research report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $14.95.

Shares of NASDAQ GPOR opened at $10.36 on Tuesday. Gulfport Energy has a 52-week low of $8.11 and a 52-week high of $14.42. The stock has a market capitalization of $1.92 billion, a PE ratio of 7.35, a P/E/G ratio of 0.35 and a beta of 0.32. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67.

Several large investors have recently bought and sold shares of the company. DFT Energy LP lifted its stake in shares of Gulfport Energy by 100.0% in the third quarter. DFT Energy LP now owns 1,140,000 shares of the oil and gas producer’s stock worth $11,868,000 after buying an additional 570,000 shares in the last quarter. Deltec Asset Management LLC lifted its stake in shares of Gulfport Energy by 27.6% in the third quarter. Deltec Asset Management LLC now owns 1,226,490 shares of the oil and gas producer’s stock worth $12,768,000 after buying an additional 265,000 shares in the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of Gulfport Energy in the third quarter worth about $1,742,000. Aperio Group LLC lifted its stake in shares of Gulfport Energy by 23.1% in the third quarter. Aperio Group LLC now owns 312,169 shares of the oil and gas producer’s stock worth $3,250,000 after buying an additional 58,519 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Gulfport Energy by 287.8% in the third quarter. Bank of Montreal Can now owns 282,154 shares of the oil and gas producer’s stock worth $2,938,000 after buying an additional 209,392 shares in the last quarter. 97.07% of the stock is currently 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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Earnings History and Estimates for Gulfport Energy (NASDAQ:GPOR)

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