FY2018 EPS Estimates for Gulfport Energy Corporation (GPOR) Raised by Analyst

Gulfport Energy Corporation (NASDAQ:GPOR) – Equities researchers at Capital One Financial Corporation upped their FY2018 earnings per share (EPS) estimates for shares of Gulfport Energy Corporation in a research note issued to investors on Monday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas producer will post earnings of $1.64 per share for the year, up from their previous forecast of $1.57.

A number of other equities research analysts have also weighed in on GPOR. Williams Capital restated a “buy” rating and issued a $28.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and issued a $29.00 target price on shares of Gulfport Energy Corporation in a report on Friday, April 21st. Barclays PLC restated an “overweight” rating and issued a $28.00 target price (down previously from $30.00) on shares of Gulfport Energy Corporation in a report on Saturday, April 22nd. Scotiabank set a $29.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Monday, May 8th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $20.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.52.

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Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded up 1.98% during trading on Tuesday, hitting $12.87. The stock had a trading volume of 3,780,526 shares. Gulfport Energy Corporation has a 1-year low of $12.47 and a 1-year high of $30.47. The firm has a 50-day moving average of $13.78 and a 200 day moving average of $16.48. The company’s market capitalization is $2.35 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings data on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.14. The company had revenue of $333 million during the quarter, compared to the consensus estimate of $224.93 million. Gulfport Energy Corporation’s revenue was up 112.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 valued at $104,000 after buying an additional 2,143 shares during the period. Elkfork Partners LLC increased its position in 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 valued at $115,000 after buying an additional 1,848 shares during the period. Meadow Creek Investment Management LLC increased its position in 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 valued at $146,000 after buying an additional 2,352 shares during the period. World Asset Management Inc acquired a new position in Gulfport Energy Corporation during the second quarter valued at approximately $150,000. Finally, Glen Harbor Capital Management LLC increased its position in 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 valued at $177,000 after buying an additional 2,856 shares during the period. 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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