Gulfport Energy (NASDAQ:GPOR) Releases Earnings Results

Gulfport Energy (NASDAQ:GPOR) issued its earnings results on Thursday. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01, Bloomberg Earnings reports. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.49%. The company had revenue of $459.00 million during the quarter, compared to analyst estimates of $312.43 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 81.6% on a year-over-year basis.

Shares of NASDAQ:GPOR traded down $0.05 on Friday, hitting $3.44. 6,148,248 shares of the company were exchanged, compared to its average volume of 5,853,259. The firm’s 50 day moving average price is $4.29. Gulfport Energy has a one year low of $3.13 and a one year high of $12.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $568.82 million, a price-to-earnings ratio of 1.88, a price-to-earnings-growth ratio of 0.29 and a beta of 0.82.

Several large investors have recently bought and sold shares of GPOR. Versant Capital Management Inc increased its holdings in shares of Gulfport Energy by 567.1% during the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 3,448 shares during the period. Coastal Capital Group Inc. acquired a new stake in shares of Gulfport Energy during the 2nd quarter valued at about $34,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Gulfport Energy during the 1st quarter valued at about $35,000. Cetera Advisor Networks LLC acquired a new stake in shares of Gulfport Energy during the 1st quarter valued at about $84,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Gulfport Energy by 468.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,020 shares of the oil and gas producer’s stock valued at $128,000 after acquiring an additional 13,200 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Several equities research analysts recently issued reports on GPOR shares. Credit Suisse Group lowered shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 9th. BidaskClub lowered shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $11.00 to $5.00 in a research note on Monday, July 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.68.

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 for Gulfport Energy (NASDAQ:GPOR)

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