Gulfport Energy Corporation to Post FY2017 Earnings of $1.18 Per Share, KeyCorp Forecasts (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Equities research analysts at KeyCorp increased their FY2017 EPS estimates for shares of Gulfport Energy Corporation in a report released on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will post earnings of $1.18 per share for the year, up from their previous estimate of $1.02.

A number of other equities research analysts also recently weighed in on GPOR. Williams Capital set a $21.00 target price on Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus dropped their target price on Gulfport Energy Corporation from $26.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 31st. Zacks Investment Research downgraded Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $29.00 price target on shares of Gulfport Energy Corporation in a research note on Friday, April 21st. Finally, BidaskClub downgraded Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the stock. Gulfport Energy Corporation presently has a consensus rating of “Buy” and a consensus price target of $25.91.

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Shares of Gulfport Energy Corporation (NASDAQ GPOR) opened at 11.90 on Friday. The stock has a 50 day moving average of $13.35 and a 200 day moving average of $15.97. The company’s market cap is $2.18 billion. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $30.47.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The business had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 1052.7% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in Gulfport Energy Corporation by 7.6% in the first quarter. TIAA CREF Investment Management LLC now owns 436,077 shares of the oil and gas producer’s stock valued at $7,496,000 after buying an additional 30,726 shares during the period. Geode Capital Management LLC boosted its stake in Gulfport Energy Corporation by 18.8% in the first quarter. Geode Capital Management LLC now owns 1,340,493 shares of the oil and gas producer’s stock valued at $23,043,000 after buying an additional 211,708 shares during the period. Capstone Asset Management Co. boosted its stake in Gulfport Energy Corporation by 23.3% in the first quarter. Capstone Asset Management Co. now owns 12,762 shares of the oil and gas producer’s stock valued at $219,000 after buying an additional 2,410 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Gulfport Energy Corporation by 65.1% in the first quarter. Virginia Retirement Systems ET AL now owns 28,564 shares of the oil and gas producer’s stock valued at $491,000 after buying an additional 11,264 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Gulfport Energy Corporation by 2.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 27,372 shares of the oil and gas producer’s stock valued at $471,000 after buying an additional 756 shares during the period. Institutional investors own 88.47% of the company’s stock.

About Gulfport Energy Corporation

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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

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