Gulfport Energy Corporation (NASDAQ:GPOR) – Analysts at Seaport Global Securities increased their FY2017 earnings per share (EPS) estimates for Gulfport Energy in a report issued on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings per share of $1.25 for the year, up from their previous forecast of $1.19.
Other equities research analysts have also issued research reports about the stock. Williams Capital set a $18.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Monday, October 23rd. Credit Suisse Group began coverage on shares of Gulfport Energy in a research note on Monday, December 11th. They set a “neutral” rating and a $15.00 target price for the company. KeyCorp set a $18.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Thursday, October 19th. Imperial Capital began coverage on shares of Gulfport Energy in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $19.00 price objective for the company. Finally, Piper Jaffray Companies reduced their price objective on shares of Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. Gulfport Energy has a consensus rating of “Buy” and an average price target of $20.81.
Gulfport Energy (NASDAQ:GPOR) last issued its earnings results 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 company had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The company’s quarterly revenue was up 37.1% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS.
A number of institutional investors have recently added to or reduced their stakes in GPOR. GSA Capital Partners LLP bought a new position in shares of Gulfport Energy during the 3rd quarter worth about $223,000. GeoSphere Capital Management bought a new stake in Gulfport Energy during the third quarter worth about $1,434,000. California Public Employees Retirement System grew its stake in Gulfport Energy by 1.9% during the third quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock worth $10,485,000 after buying an additional 13,888 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Gulfport Energy by 384.6% during the third quarter. Cubist Systematic Strategies LLC now owns 69,789 shares of the oil and gas producer’s stock worth $1,001,000 after buying an additional 55,389 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Gulfport Energy by 22.6% during the third quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock worth $92,740,000 after buying an additional 1,193,723 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Paul D. Westerman bought 10,000 shares of the business’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 transaction, the director now directly owns 15,488 shares in the company, valued at $197,472. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Steve Baldwin sold 4,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.17, for a total transaction of $48,680.00. Following the transaction, the vice president now directly owns 32,634 shares of the company’s stock, valued at approximately $397,155.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,253 shares of company stock valued at $1,839,219. Company insiders own 0.31% of the company’s stock.
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About Gulfport Energy
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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