Gulfport Energy Corporation (NASDAQ:GPOR) – Equities research analysts at KeyCorp boosted their FY2017 earnings per share (EPS) estimates for Gulfport Energy Corporation in a report issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will post earnings of $1.51 per share for the year, up from their prior forecast of $1.39. KeyCorp currently has a “Buy” rating and a $18.00 target price on the stock. KeyCorp also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.54 EPS.
Several other equities analysts have also commented on GPOR. BidaskClub lowered Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Williams Capital set a $21.00 price target on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus cut their price target on Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Piper Jaffray Companies restated an “overweight” rating and set a $21.00 price target (down previously from $22.00) on shares of Gulfport Energy Corporation in a research note on Tuesday, August 22nd. Finally, Jefferies Group LLC set a $20.00 price target on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $22.30.
Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. The business’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of GPOR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 712 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Gulfport Energy Corporation by 76.9% in the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 4,153 shares in the last quarter. World Asset Management Inc acquired a new stake in Gulfport Energy Corporation in the second quarter worth about $150,000. BKS Advisors LLC acquired a new stake in Gulfport Energy Corporation in the third quarter worth about $161,000. Finally, Teacher Retirement System of Texas boosted its holdings in Gulfport Energy Corporation by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 520 shares in the last quarter. 85.74% of the stock is owned by institutional investors and hedge funds.
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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.
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