Seaport Global Securities Brokers Boost Earnings Estimates for Gulfport Energy Corporation (NASDAQ:GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Research analysts at Seaport Global Securities upped their Q3 2017 earnings estimates for Gulfport Energy Corporation in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.18. Seaport Global Securities also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $1.18 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.01 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The company had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 1052.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/08/12/seaport-global-securities-brokers-boost-earnings-estimates-for-gulfport-energy-corporation-nasdaqgpor.html.

GPOR has been the subject of several other reports. Royal Bank Of Canada reissued a “buy” rating and set a $29.00 price objective on shares of Gulfport Energy Corporation in a research note on Friday, April 21st. Piper Jaffray Companies reissued an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Zacks Investment Research lowered Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Scotiabank reissued a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. Finally, BidaskClub raised Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.91.

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

Institutional investors have recently bought and sold shares of the stock. Retirement Systems of Alabama raised its position in Gulfport Energy Corporation by 2.9% in the first quarter. Retirement Systems of Alabama now owns 384,342 shares of the oil and gas producer’s stock valued at $6,607,000 after buying an additional 10,850 shares during the period. Quantitative Systematic Strategies LLC bought a new position in Gulfport Energy Corporation during the first quarter valued at $182,000. Gateway Investment Advisers LLC raised its position in Gulfport Energy Corporation by 11.2% in the first quarter. Gateway Investment Advisers LLC now owns 373,433 shares of the oil and gas producer’s stock valued at $6,419,000 after buying an additional 37,674 shares during the period. Louisiana State Employees Retirement System raised its position in Gulfport Energy Corporation by 3.9% in the first quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the oil and gas producer’s stock valued at $689,000 after buying an additional 1,500 shares during the period. Finally, Skylands Capital LLC bought a new position in Gulfport Energy Corporation during the first quarter valued at $550,000. Institutional investors own 88.47% of the company’s stock.

Gulfport Energy Corporation Company Profile

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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