Brokers Offer Predictions for Gulfport Energy Co.’s FY2017 Earnings (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at B. Riley issued their FY2017 earnings per share estimates for Gulfport Energy in a note issued to investors on Monday. B. Riley analyst R. Rashid anticipates that the oil and gas producer will earn $1.23 per share for the year. B. Riley currently has a “Neutral” rating and a $11.25 target price on the stock. B. Riley also issued estimates for Gulfport Energy’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.77 EPS.

Other equities analysts have also recently issued research reports about the company. Williams Capital set a $18.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research report on Monday, October 23rd. KeyCorp set a $18.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research report on Thursday, October 19th. SunTrust Banks reissued a “buy” rating and set a $25.00 price objective on shares of Gulfport Energy in a research report on Tuesday, October 24th. Scotiabank set a $22.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research report on Saturday, November 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $20.00 price objective on shares of Gulfport Energy in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.71.

Gulfport Energy (GPOR) opened at $8.84 on Thursday. Gulfport Energy has a 12-month low of $8.31 and a 12-month high of $21.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $1,592.81, a PE ratio of -32.74, a P/E/G ratio of 0.22 and a beta of 0.41.

Gulfport Energy announced that its board has approved a share buyback program on Monday, January 29th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the oil and gas producer to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other news, CEO Michael G. Moore sold 118,494 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $1,440,887.04. Following the sale, the chief executive officer now directly owns 295,449 shares in the company, valued at approximately $3,592,659.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Steve Baldwin sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.17, for a total value of $48,680.00. Following the completion of the sale, the vice president now owns 32,634 shares in the company, valued at $397,155.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,253 shares of company stock worth $1,839,219. Corporate insiders own 0.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Gulfport Energy by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,274,246 shares of the oil and gas producer’s stock worth $195,796,000 after acquiring an additional 786,991 shares during the last quarter. State Street Corp grew its position in Gulfport Energy by 15.1% during the 2nd quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock worth $109,780,000 after acquiring an additional 979,127 shares during the last quarter. Janus Henderson Group PLC grew its position in Gulfport Energy by 22.6% during the 3rd quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock worth $92,740,000 after acquiring an additional 1,193,723 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Gulfport Energy by 57.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock worth $73,731,000 after acquiring an additional 1,881,196 shares during the last quarter. Finally, Boston Partners grew its position in Gulfport Energy by 7.7% during the 4th quarter. Boston Partners now owns 4,523,096 shares of the oil and gas producer’s stock worth $57,714,000 after acquiring an additional 321,810 shares during the last quarter. Institutional investors and hedge funds own 85.18% 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.

Earnings History and Estimates for Gulfport Energy (NASDAQ:GPOR)

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