Brokers Offer Predictions for Gulfport Energy Corporation’s Q2 2017 Earnings (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Research analysts at KeyCorp dropped their Q2 2017 earnings estimates for Gulfport Energy Corporation in a report issued on Monday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas producer will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.23. KeyCorp also issued estimates for Gulfport Energy Corporation’s Q3 2017 earnings at $0.19 EPS, Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $1.02 EPS and FY2018 earnings at $1.49 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.14. The business had revenue of $333 million during the quarter, compared to analyst estimates of $224.93 million. The company’s revenue for the quarter was up 112.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/brokers-offer-predictions-for-gulfport-energy-corporations-q2-2017-earnings-gpor-updated-updated.html.

Other research analysts have also issued reports about the stock. Williams Capital restated a “buy” rating and set a $28.00 price objective on shares of Gulfport Energy Corporation in a research note on Wednesday, April 19th. Scotiabank set a $29.00 price objective on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Monday, May 8th. BidaskClub lowered shares of Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, KLR Group restated a “buy” rating and set a $22.00 price objective (down from $23.00) on shares of Gulfport Energy Corporation in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.52.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 12.62 on Tuesday. The stock has a 50 day moving average price of $13.78 and a 200 day moving average price of $16.48. The firm’s market capitalization is $2.31 billion. Gulfport Energy Corporation has a 12 month low of $12.47 and a 12 month high of $30.47.

Several hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in shares of Gulfport Energy Corporation by 180.7% in the fourth quarter. FMR LLC now owns 263,282 shares of the oil and gas producer’s stock worth $5,697,000 after buying an additional 169,500 shares during the period. AQR Capital Management LLC increased its stake in shares of Gulfport Energy Corporation by 30.0% in the fourth quarter. AQR Capital Management LLC now owns 28,800 shares of the oil and gas producer’s stock worth $623,000 after buying an additional 6,643 shares during the period. Norges Bank purchased a new stake in shares of Gulfport Energy Corporation during the fourth quarter worth $25,441,000. UBS Asset Management Americas Inc. increased its stake in shares of Gulfport Energy Corporation by 2.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,130,901 shares of the oil and gas producer’s stock worth $24,473,000 after buying an additional 24,305 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Gulfport Energy Corporation by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 131,324 shares of the oil and gas producer’s stock worth $2,842,000 after buying an additional 6,361 shares during the period. 88.61% of the stock is owned by institutional investors.

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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