B. Riley Comments on Gulfport Energy Co.’s Q2 2019 Earnings (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Stock analysts at B. Riley upped their Q2 2019 earnings estimates for shares of Gulfport Energy in a research note issued to investors on Thursday, April 18th, according to Zacks Investment Research. B. Riley analyst R. Rashid now expects that the oil and gas producer will post earnings per share of $0.29 for the quarter, up from their prior estimate of $0.26. B. Riley also issued estimates for Gulfport Energy’s Q3 2019 earnings at $0.24 EPS.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Gulfport Energy had a net margin of 29.83% and a return on equity of 8.28%. The business had revenue of $320.58 million during the quarter, compared to analyst estimates of $313.11 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year.

A number of other research firms have also issued reports on GPOR. Imperial Capital reaffirmed an “outperform” rating and set a $14.00 target price (down previously from $17.00) on shares of Gulfport Energy in a report on Tuesday, January 22nd. BidaskClub raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Tudor Pickering raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a report on Friday, January 18th. Williams Capital reaffirmed a “buy” rating and set a $14.00 target price on shares of Gulfport Energy in a report on Friday, January 18th. Finally, Guggenheim lowered shares of Gulfport Energy from a “buy” rating to a “neutral” rating and set a $8.43 target price for the company. in a report on Tuesday, January 29th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.68.

Shares of Gulfport Energy stock traded up $0.07 during trading hours on Friday, reaching $7.40. 2,083,381 shares of the company’s stock were exchanged, compared to its average volume of 3,856,258. Gulfport Energy has a 1 year low of $6.18 and a 1 year high of $13.41. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 4.04, a PEG ratio of 0.45 and a beta of 0.87. The company has a quick ratio of 0.59, a current ratio of 0.34 and a debt-to-equity ratio of 0.63.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its stake in shares of Gulfport Energy by 567.1% during the first quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 3,448 shares during the period. Capital Advisors Ltd. LLC purchased a new position in shares of Gulfport Energy during the first quarter worth approximately $35,000. First Hawaiian Bank purchased a new position in shares of Gulfport Energy during the fourth quarter worth approximately $45,000. CWM Advisors LLC purchased a new position in shares of Gulfport Energy during the fourth quarter worth approximately $67,000. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Gulfport Energy during the first quarter worth approximately $84,000. 97.60% of the stock is currently owned by institutional investors.

In related news, CEO David M. Wood bought 10,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of $8.06 per share, with a total value of $80,600.00. Following the completion of the transaction, the chief executive officer now directly owns 360,610 shares of the company’s stock, valued at approximately $2,906,516.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% 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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Earnings History and Estimates for Gulfport Energy (NASDAQ:GPOR)

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