Gulfport Energy Corporation (NASDAQ:GPOR) – Equities research analysts at SunTrust Banks issued their Q1 2018 earnings estimates for Gulfport Energy in a report released on Thursday. SunTrust Banks analyst W. Fitzpatrick expects that the oil and gas producer will post earnings per share of $0.25 for the quarter. SunTrust Banks has a “Buy” rating and a $26.00 price target on the stock. SunTrust Banks also issued estimates for Gulfport Energy’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.34 EPS.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 had a net margin of 3.88% and a return on equity of 7.99%. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS.
Gulfport Energy (GPOR) traded down $0.42 on Monday, hitting $12.71. 2,934,100 shares of the stock were exchanged, compared to its average volume of 3,705,550. The stock has a market capitalization of $2,403.86, a price-to-earnings ratio of 10.02, a P/E/G ratio of 0.32 and a beta of 0.69. Gulfport Energy has a 12 month low of $10.90 and a 12 month high of $28.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Utah Retirement Systems boosted its holdings in shares of Gulfport Energy by 0.3% during the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock valued at $429,000 after acquiring an additional 100 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Gulfport Energy 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 acquiring an additional 520 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gulfport Energy by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 712 shares during the period. Comerica Bank boosted its holdings in shares of Gulfport Energy by 0.3% during the second quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock valued at $2,698,000 after acquiring an additional 720 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Gulfport Energy by 3.7% during the second quarter. PNC Financial Services Group Inc. now owns 21,982 shares of the oil and gas producer’s stock valued at $323,000 after acquiring an additional 786 shares during the period. 86.93% of the stock is owned by institutional investors.
In other Gulfport Energy news, Director Paul D. Westerman acquired 10,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of $12.75 per share, with a total value of $127,500.00. Following the completion of the acquisition, the director now directly owns 15,488 shares in the company, valued at approximately $197,472. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.
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Gulfport Energy 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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