Gulfport Energy Co. (NASDAQ:GPOR) – Analysts at Piper Jaffray Companies increased their Q2 2019 earnings estimates for shares of Gulfport Energy in a research note issued to investors on Monday, March 18th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas producer will post earnings of $0.29 per share for the quarter, up from their prior estimate of $0.27. Piper Jaffray Companies also issued estimates for Gulfport Energy’s Q4 2019 earnings at $0.28 EPS and Q1 2020 earnings at $0.35 EPS.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, February 27th. The oil and gas producer reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). Gulfport Energy had a net margin of 31.77% and a return on equity of 9.97%. The business had revenue of $415.95 million for the quarter, compared to analysts’ expectations of $376.23 million. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year.
NASDAQ GPOR opened at $7.70 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Gulfport Energy has a 12-month low of $6.18 and a 12-month high of $13.41. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 4.21, a price-to-earnings-growth ratio of 0.49 and a beta of 0.95.
Several large investors have recently modified their holdings of GPOR. BlackRock Inc. raised its stake in shares of Gulfport Energy by 28.8% during the fourth quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock valued at $160,873,000 after acquiring an additional 5,492,062 shares during the last quarter. Norges Bank bought a new position in shares of Gulfport Energy during the fourth quarter valued at about $17,417,000. Oslo Asset Management AS raised its stake in shares of Gulfport Energy by 73.1% during the fourth quarter. Oslo Asset Management AS now owns 5,234,914 shares of the oil and gas producer’s stock valued at $34,289,000 after acquiring an additional 2,210,800 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Gulfport Energy by 76.8% during the third quarter. JPMorgan Chase & Co. now owns 4,414,119 shares of the oil and gas producer’s stock valued at $45,952,000 after acquiring an additional 1,916,848 shares during the last quarter. Finally, Walthausen & Co. LLC bought a new position in Gulfport Energy in the third quarter worth about $10,652,000. 95.40% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO David M. Wood acquired 10,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $8.06 per share, with a total value of $80,600.00. Following the completion of the purchase, the chief executive officer now owns 360,610 shares in the company, valued at approximately $2,906,516.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.
About Gulfport Energy
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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