Q4 2018 Earnings Estimate for Gulfport Energy Co. (GPOR) Issued By Capital One Financial

Gulfport Energy Co. (NASDAQ:GPOR) – Capital One Financial increased their Q4 2018 earnings estimates for shares of Gulfport Energy in a report released on Friday, October 19th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.38 per share for the quarter, up from their previous estimate of $0.36.

GPOR has been the subject of several other reports. Morgan Stanley boosted their price objective on Gulfport Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Thursday, July 12th. Seaport Global Securities reissued a “neutral” rating on shares of Gulfport Energy in a report on Friday, September 7th. Piper Jaffray Companies set a $13.00 price objective on Gulfport Energy and gave the company a “buy” rating in a report on Monday, October 8th. BidaskClub raised Gulfport Energy from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Gulfport Energy has a consensus rating of “Buy” and a consensus price target of $14.95.

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

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

Hedge funds have recently modified their holdings of the business. Delphi Management Inc. MA boosted its position in shares of Gulfport Energy by 414.8% during the second quarter. Delphi Management Inc. MA now owns 159,945 shares of the oil and gas producer’s stock worth $1,841,000 after buying an additional 128,875 shares during the period. Sei Investments Co. boosted its position in shares of Gulfport Energy by 1,853.6% during the second quarter. Sei Investments Co. now owns 65,623 shares of the oil and gas producer’s stock worth $825,000 after buying an additional 62,264 shares during the period. Deltec Asset Management LLC boosted its position in shares of Gulfport Energy by 27.6% during 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 during the period. Personal Capital Advisors Corp boosted its position in shares of Gulfport Energy by 11.5% during the third quarter. Personal Capital Advisors Corp now owns 354,229 shares of the oil and gas producer’s stock worth $3,688,000 after buying an additional 36,639 shares during the period. Finally, Kiwi Wealth Investments Limited Partnership acquired a new position in shares of Gulfport Energy during the second quarter worth approximately $1,925,000. Institutional investors own 97.07% of the company’s stock.

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.

Further Reading: How to interpret a stock’s beta number

Earnings History and Estimates for Gulfport Energy (NASDAQ:GPOR)

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