Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at Capital One Financial reduced their Q3 2019 earnings per share estimates for Gulfport Energy in a report released on Thursday, October 17th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.23 per share for the quarter, down from their prior forecast of $0.32. Capital One Financial also issued estimates for Gulfport Energy’s Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $1.16 EPS and FY2020 earnings at $1.14 EPS.
GPOR has been the subject of several other research reports. Piper Jaffray Companies set a $7.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research report on Friday, August 16th. Williams Capital lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. ValuEngine raised Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub raised Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 12th. Finally, Imperial Capital lowered their price target on Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Gulfport Energy presently has a consensus rating of “Hold” and an average target price of $8.47.
Shares of Gulfport Energy stock opened at $2.58 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $427.02 million, a P/E ratio of 1.41, a P/E/G ratio of 0.12 and a beta of 0.89. The business has a fifty day simple moving average of $2.81 and a two-hundred day simple moving average of $4.54. Gulfport Energy has a 12 month low of $2.28 and a 12 month high of $10.45.
Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $459.00 million during the quarter, compared to analyst estimates of $312.43 million. Gulfport Energy had a return on equity of 7.34% and a net margin of 33.82%. The company’s revenue for the quarter was up 81.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share.
A number of large investors have recently modified their holdings of GPOR. Coastal Capital Group Inc. purchased a new position in Gulfport Energy in the 2nd quarter worth about $34,000. Meeder Asset Management Inc. raised its position in Gulfport Energy by 474.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,060 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 10,785 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new position in Gulfport Energy in the 3rd quarter worth about $38,000. Enterprise Bank & Trust Co purchased a new position in Gulfport Energy in the 3rd quarter worth about $41,000. Finally, Magnus Financial Group LLC purchased a new position in Gulfport Energy in the 2nd quarter worth about $57,000. 97.52% of the stock is owned by institutional investors and hedge funds.
In other Gulfport Energy news, CFO Quentin R. Hicks bought 15,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was acquired at an average price of $2.38 per share, with a total value of $35,700.00. Following the transaction, the chief financial officer now owns 15,000 shares in the company, valued at $35,700. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Wood bought 40,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of $2.44 per share, with a total value of $97,600.00. Following the transaction, the chief executive officer now owns 1,005,449 shares in the company, valued at approximately $2,453,295.56. The disclosure for this purchase can be found here. 0.45% of the stock is owned by 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.
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