Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at B. Riley raised their Q2 2019 earnings per share (EPS) estimates for shares of Gulfport Energy in a research report issued on Friday, May 17th. B. Riley analyst R. Rashid now expects that the oil and gas producer will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.29. B. Riley also issued estimates for Gulfport Energy’s Q3 2019 earnings at $0.31 EPS.
Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. Oppenheimer lowered shares of Gulfport Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, April 5th. CIBC restated a “market perform” rating on shares of Gulfport Energy in a research report on Friday, April 5th. TheStreet upgraded shares of Gulfport Energy from a “d+” rating to a “c-” rating in a research report on Monday, April 1st. Finally, MKM Partners set a $9.00 price target on shares of Gulfport Energy and gave the stock a “hold” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.68.
NASDAQ GPOR opened at $6.86 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 3.75, a P/E/G ratio of 0.42 and a beta of 0.87. Gulfport Energy has a 52-week low of $6.18 and a 52-week high of $13.41.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $320.58 million for the quarter, compared to analyst estimates of $313.11 million. Gulfport Energy had a net margin of 29.83% and a return on equity of 8.28%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS.
Several large investors have recently added to or reduced their stakes in GPOR. Versant Capital Management Inc lifted its holdings in Gulfport Energy by 567.1% during the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 3,448 shares during the last quarter. Capital Advisors Ltd. LLC bought a new position in Gulfport Energy during the 1st quarter valued at about $35,000. First Hawaiian Bank bought a new position in Gulfport Energy during the 4th quarter valued at about $45,000. Oregon Public Employees Retirement Fund lifted its holdings in Gulfport Energy by 502.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 392,836 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 327,650 shares during the last quarter. Finally, CWM Advisors LLC bought a new position in Gulfport Energy during the 4th quarter valued at about $67,000. 97.60% of the stock is owned by institutional investors.
In other Gulfport Energy news, CEO David M. Wood acquired 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of $8.06 per share, with a total value of $80,600.00. Following the acquisition, the chief executive officer now owns 360,610 shares of the company’s stock, valued at $2,906,516.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.
Gulfport Energy Company Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.