Seaport Global Securities Research Analysts Lower Earnings Estimates for Gulfport Energy Corporation (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Research analysts at Seaport Global Securities cut their Q2 2017 EPS estimates for Gulfport Energy Corporation in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.18. Seaport Global Securities also issued estimates for Gulfport Energy Corporation’s Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.78 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.14. The firm had revenue of $333 million during the quarter, compared to analysts’ expectations of $224.93 million. Gulfport Energy Corporation’s revenue for the quarter was up 112.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. TRADEMARK VIOLATION WARNING: This piece was published by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/14/seaport-global-securities-research-analysts-lower-earnings-estimates-for-gulfport-energy-corporation-gpor-updated.html.

A number of other research firms have also commented on GPOR. KLR Group reissued a “buy” rating and issued a $22.00 price target (down previously from $23.00) on shares of Gulfport Energy Corporation in a research report on Wednesday, May 17th. ValuEngine lowered shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Williams Capital set a $21.00 price target on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Monday. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price target on shares of Gulfport Energy Corporation in a research report on Wednesday, May 17th. Finally, Barclays PLC reissued an “overweight” rating and issued a $28.00 price target (down previously from $30.00) on shares of Gulfport Energy Corporation in a research report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Gulfport Energy Corporation currently has a consensus rating of “Buy” and a consensus target price of $26.52.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at 12.01 on Wednesday. The stock’s market capitalization is $2.20 billion. Gulfport Energy Corporation has a 52 week low of $11.98 and a 52 week high of $30.47. The stock has a 50 day moving average of $13.75 and a 200 day moving average of $16.43.

Several hedge funds and other institutional investors have recently modified their holdings of GPOR. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gulfport Energy Corporation by 54.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock worth $104,000 after buying an additional 2,143 shares during the last quarter. Elkfork Partners LLC boosted its position in shares of Gulfport Energy Corporation by 38.4% in the first quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 1,848 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of Gulfport Energy Corporation by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 2,352 shares during the last quarter. World Asset Management Inc bought a new position in shares of Gulfport Energy Corporation during the second quarter worth about $150,000. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Gulfport Energy Corporation by 38.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock worth $177,000 after buying an additional 2,856 shares during the last quarter. 88.61% of the stock is owned by institutional investors.

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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