Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at US Capital Advisors decreased their Q2 2019 earnings per share estimates for shares of Gulfport Energy in a research note issued to investors on Wednesday, March 27th, Zacks Investment Research reports. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will earn $0.35 per share for the quarter, down from their previous estimate of $0.38. US Capital Advisors also issued estimates for Gulfport Energy’s Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.44 EPS, FY2019 earnings at $1.61 EPS, Q2 2020 earnings at $0.27 EPS, Q3 2020 earnings at $0.27 EPS and FY2020 earnings at $1.57 EPS.
A number of other brokerages also recently weighed in on GPOR. Imperial Capital reaffirmed an “outperform” rating and issued a $14.00 target price (down from $17.00) on shares of Gulfport Energy in a research note on Tuesday, January 22nd. BidaskClub raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Tudor Pickering raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Friday, January 18th. Williams Capital reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gulfport Energy in a research note on Friday, January 18th. Finally, Guggenheim downgraded shares of Gulfport Energy from a “buy” rating to a “neutral” rating and set a $8.43 target price for the company. in a research note on Tuesday, January 29th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Gulfport Energy has a consensus rating of “Hold” and an average target price of $11.64.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Wednesday, February 27th. The oil and gas producer reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). Gulfport Energy had a return on equity of 9.97% and a net margin of 31.77%. The company had revenue of $415.95 million during the quarter, compared to the consensus estimate of $376.23 million. The firm’s revenue was up 4.5% compared to the same quarter last year.
In related news, CEO David M. Wood purchased 10,000 shares of Gulfport Energy stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $8.06 per share, for a total transaction of $80,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 360,610 shares of the company’s stock, valued at $2,906,516.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in GPOR. Bank of New York Mellon Corp boosted its holdings in Gulfport Energy by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 1,920,781 shares of the oil and gas producer’s stock worth $24,144,000 after purchasing an additional 131,859 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Gulfport Energy by 106.3% during the third quarter. SG Americas Securities LLC now owns 58,492 shares of the oil and gas producer’s stock worth $609,000 after purchasing an additional 30,145 shares during the last quarter. Commonwealth Bank of Australia acquired a new position in Gulfport Energy during the third quarter worth $231,000. PNC Financial Services Group Inc. lifted its stake in Gulfport Energy by 1,769.9% in the third quarter. PNC Financial Services Group Inc. now owns 288,804 shares of the oil and gas producer’s stock valued at $3,005,000 after acquiring an additional 273,359 shares during the last quarter. Finally, Martingale Asset Management L P lifted its stake in Gulfport Energy by 27.0% in the third quarter. Martingale Asset Management L P now owns 160,402 shares of the oil and gas producer’s stock valued at $1,670,000 after acquiring an additional 34,056 shares during the last quarter. Institutional investors own 97.60% of the company’s stock.
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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