Brokerages expect Gulfport Energy Co. (NASDAQ:GPOR) to announce sales of $348.51 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Gulfport Energy’s earnings, with the lowest sales estimate coming in at $326.00 million and the highest estimate coming in at $401.00 million. Gulfport Energy posted sales of $333.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The company is scheduled to report its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that Gulfport Energy will report full-year sales of $1.36 billion for the current financial year, with estimates ranging from $1.31 billion to $1.51 billion. For the next fiscal year, analysts expect that the business will report sales of $1.40 billion per share, with estimates ranging from $1.18 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. The firm had revenue of $397.85 million for the quarter, compared to the consensus estimate of $337.95 million. During the same quarter in the prior year, the company posted $0.34 earnings per share.
GPOR has been the topic of several research reports. KeyCorp cut their price target on shares of Gulfport Energy from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. BidaskClub upgraded shares of Gulfport Energy from a “sell” rating to a “hold” rating in a report on Monday, March 5th. Mizuho set a $18.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Gulfport Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Jefferies Group set a $17.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.13.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the transaction, the director now directly owns 25,488 shares of the company’s stock, valued at approximately $258,448.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System lifted its holdings in Gulfport Energy by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock valued at $10,485,000 after purchasing an additional 13,888 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gulfport Energy by 57.7% in 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. Renaissance Technologies LLC increased its stake in shares of Gulfport Energy by 105.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,139,641 shares of the oil and gas producer’s stock worth $14,542,000 after acquiring an additional 586,241 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Gulfport Energy by 20.1% in the 4th quarter. Bank of Montreal Can now owns 83,363 shares of the oil and gas producer’s stock worth $1,063,000 after acquiring an additional 13,928 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in shares of Gulfport Energy by 151.4% in the 4th quarter. Virtu Financial LLC now owns 39,577 shares of the oil and gas producer’s stock worth $505,000 after acquiring an additional 23,835 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.
Shares of NASDAQ:GPOR opened at $9.63 on Friday. Gulfport Energy has a twelve month low of $8.11 and a twelve month high of $17.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $1,779.79, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 0.38 and a beta of 0.33.
Gulfport Energy declared that its Board of Directors has initiated a share repurchase plan 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 buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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 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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