Jefferies Financial Group Analysts Cut Earnings Estimates for Gulfport Energy Co. (NASDAQ:GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Jefferies Financial Group lowered their FY2018 EPS estimates for Gulfport Energy in a note issued to investors on Monday, October 15th, Zacks Investment Research reports. Jefferies Financial Group analyst Z. Parham now anticipates that the oil and gas producer will post earnings per share of $1.57 for the year, down from their prior forecast of $1.58. Jefferies Financial Group currently has a “Hold” rating and a $14.00 target price on the stock. Jefferies Financial Group also issued estimates for Gulfport Energy’s Q1 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $1.31 EPS, Q1 2020 earnings at $0.52 EPS and FY2020 earnings at $2.02 EPS.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.11. The business had revenue of $360.96 million during the quarter, compared to the consensus estimate of $360.39 million. Gulfport Energy had a net margin of 33.89% and a return on equity of 10.26%.

A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley increased their price objective on shares of Gulfport Energy from $7.00 to $8.00 and gave the company a “sell” rating in a research note on Monday, November 5th. Oppenheimer set a $18.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Sunday, November 4th. Williams Capital set a $16.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, Wells Fargo & Co cut shares of Gulfport Energy from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, October 23rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Gulfport Energy has a consensus rating of “Hold” and an average target price of $14.40.

Shares of GPOR traded up $0.11 during trading hours on Wednesday, reaching $9.65. The company had a trading volume of 3,256,652 shares, compared to its average volume of 4,075,723. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.70 billion, a PE ratio of 6.84, a P/E/G ratio of 0.42 and a beta of 0.49. Gulfport Energy has a 12-month low of $8.11 and a 12-month high of $14.17.

Several institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board boosted its stake in shares of Gulfport Energy by 111.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 157,000 shares of the oil and gas producer’s stock worth $1,634,000 after purchasing an additional 82,600 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Gulfport Energy during the 3rd quarter worth about $337,000. Rafferty Asset Management LLC boosted its stake in shares of Gulfport Energy by 51.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,226 shares of the oil and gas producer’s stock worth $221,000 after purchasing an additional 7,176 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Gulfport Energy by 1.4% during the 3rd quarter. BlackRock Inc. now owns 19,069,070 shares of the oil and gas producer’s stock worth $198,509,000 after purchasing an additional 256,160 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Gulfport Energy by 27.0% during the 3rd quarter. Martingale Asset Management L P now owns 160,402 shares of the oil and gas producer’s stock worth $1,670,000 after purchasing an additional 34,056 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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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