Analysts Offer Predictions for Gulfport Energy Corporation’s FY2019 Earnings (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Jefferies Group issued their FY2019 earnings per share estimates for Gulfport Energy Corporation in a research report issued on Monday. Jefferies Group analyst Z. Parham forecasts that the oil and gas producer will post earnings of $1.63 per share for the year. Jefferies Group has a “Buy” rating and a $18.00 price objective on the stock.

Other research analysts have also issued reports about the stock. Pacific Crest restated an “overweight” rating and set a $28.00 target price on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. Mizuho restated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research report on Wednesday, October 4th. Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Monday, July 31st. Scotiabank restated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research report on Monday. Finally, Piper Jaffray Companies restated an “overweight” rating on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. Gulfport Energy Corporation currently has an average rating of “Buy” and a consensus target price of $23.73.

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Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $279.59 million. During the same period in the previous year, the firm posted $0.24 EPS. Gulfport Energy Corporation’s revenue was up 1052.7% compared to the same quarter last year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gulfport Energy Corporation by 54.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 2,143 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Gulfport Energy Corporation by 76.9% during the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock valued at $141,000 after buying an additional 4,153 shares during the period. World Asset Management Inc purchased a new position in shares of Gulfport Energy Corporation during the second quarter valued at approximately $150,000. LS Investment Advisors LLC lifted its stake in shares of Gulfport Energy Corporation by 25.1% during the second quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after buying an additional 2,584 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of Gulfport Energy Corporation by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock valued at $190,000 after buying an additional 520 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

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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