Gulfport Energy Co. (NASDAQ:GPOR) – Piper Jaffray Companies raised their Q1 2019 earnings estimates for shares of Gulfport Energy in a report issued on Monday, March 18th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas producer will earn $0.32 per share for the quarter, up from their prior estimate of $0.27. Piper Jaffray Companies also issued estimates for Gulfport Energy’s FY2019 earnings at $1.18 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.46 EPS and FY2020 earnings at $1.27 EPS.
A number of other brokerages have also weighed in on GPOR. Williams Capital set a $15.00 target price on Gulfport Energy and gave the company a “buy” rating in a research note on Wednesday, December 12th. BidaskClub upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Imperial Capital restated an “outperform” rating and issued a $14.00 target price (down from $17.00) on shares of Gulfport Energy in a research note on Tuesday, January 22nd. JPMorgan Chase & Co. lowered Gulfport Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $11.00 to $8.00 in a research note on Friday, December 7th. Finally, MKM Partners began coverage on Gulfport Energy in a research note on Wednesday, December 5th. They issued a “neutral” rating and a $10.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.91.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Wednesday, February 27th. The oil and gas producer reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.04). Gulfport Energy had a net margin of 31.77% and a return on equity of 9.97%. The business had revenue of $415.95 million during the quarter, compared to analyst estimates of $376.23 million. The business’s revenue was up 4.5% compared to the same quarter last year.
In related news, CEO David M. Wood bought 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $8.06 per share, for a total transaction of $80,600.00. Following the completion of the acquisition, the chief executive officer now owns 360,610 shares in the company, valued at $2,906,516.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. First Hawaiian Bank acquired a new stake in shares of Gulfport Energy during the fourth quarter worth about $45,000. Oregon Public Employees Retirement Fund raised its position in shares of Gulfport Energy by 502.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 392,836 shares of the oil and gas producer’s stock worth $60,000 after purchasing an additional 327,650 shares during the period. CWM Advisors LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter worth about $67,000. OLD Mission Capital LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter worth about $69,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter worth about $86,000. Hedge funds and other institutional investors own 95.40% of the company’s stock.
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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