Gulfport Energy Corporation (NASDAQ:GPOR) to Post Q4 2017 Earnings of $0.46 Per Share, Capital One Financial Corporation Forecasts

Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at Capital One Financial Corporation raised their Q4 2017 earnings per share (EPS) estimates for shares of Gulfport Energy Corporation in a research report issued on Wednesday. Capital One Financial Corporation analyst B. Velie now anticipates that the oil and gas producer will earn $0.46 per share for the quarter, up from their previous forecast of $0.38.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The company had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 1052.7% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This story was published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/gulfport-energy-corporation-nasdaqgpor-to-post-q4-2017-earnings-of-0-46-per-share-capital-one-financial-corporation-forecasts.html.

Other research analysts also recently issued reports about the company. KLR Group reissued a “buy” rating and issued a $22.00 price target (down from $23.00) on shares of Gulfport Energy Corporation in a report on Wednesday, May 17th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price objective on shares of Gulfport Energy Corporation in a research report on Wednesday, May 17th. Scotiabank set a $29.00 price objective on Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Monday, May 8th. Williams Capital restated a “buy” rating and issued a $27.00 price objective on shares of Gulfport Energy Corporation in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $29.00 price objective on shares of Gulfport Energy Corporation in a research report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Gulfport Energy Corporation has a consensus rating of “Buy” and a consensus price target of $25.91.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 11.90 on Friday. The stock’s market capitalization is $2.18 billion. Gulfport Energy Corporation has a one year low of $10.90 and a one year high of $30.47. The firm’s 50-day moving average is $13.35 and its 200-day moving average is $15.97.

A number of hedge funds have recently modified their holdings of the stock. Retirement Systems of Alabama boosted its stake in shares of Gulfport Energy Corporation by 2.9% in the first quarter. Retirement Systems of Alabama now owns 384,342 shares of the oil and gas producer’s stock valued at $6,607,000 after buying an additional 10,850 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Gulfport Energy Corporation during the first quarter valued at about $182,000. Gateway Investment Advisers LLC boosted its stake in shares of Gulfport Energy Corporation by 11.2% in the first quarter. Gateway Investment Advisers LLC now owns 373,433 shares of the oil and gas producer’s stock valued at $6,419,000 after buying an additional 37,674 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Gulfport Energy Corporation by 3.9% in the first quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the oil and gas producer’s stock valued at $689,000 after buying an additional 1,500 shares during the last quarter. Finally, Skylands Capital LLC bought a new stake in shares of Gulfport Energy Corporation during the first quarter valued at about $550,000. Institutional investors own 88.47% of the company’s stock.

Gulfport Energy Corporation Company Profile

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 Corporation (NASDAQ:GPOR)

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