Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at US Capital Advisors raised their Q2 2020 earnings per share (EPS) estimates for shares of Gulfport Energy in a research report issued to clients and investors on Monday, May 20th, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings per share of $0.21 for the quarter, up from their previous estimate of $0.19. US Capital Advisors also issued estimates for Gulfport Energy’s Q3 2020 earnings at $0.21 EPS, Q4 2020 earnings at $0.36 EPS and Q1 2021 earnings at $0.47 EPS.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $320.58 million during the quarter, compared to analysts’ expectations of $313.11 million. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS.
A number of other equities analysts have also recently weighed in on the company. BidaskClub upgraded Gulfport Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 8th. MKM Partners set a $9.00 price target on Gulfport Energy and gave the stock a “hold” rating in a report on Friday, March 1st. Oppenheimer restated a “market perform” rating and set a $14.00 target price on shares of Gulfport Energy in a report on Friday, April 5th. TheStreet cut Gulfport Energy from a “c” rating to a “d+” rating in a report on Wednesday, February 27th. Finally, CIBC restated a “market perform” rating on shares of Gulfport Energy in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.43.
Shares of NASDAQ GPOR traded down $0.23 during mid-day trading on Thursday, reaching $4.79. 2,822,910 shares of the company’s stock were exchanged, compared to its average volume of 3,617,257. The stock has a market cap of $811.69 million, a PE ratio of 2.62, a P/E/G ratio of 0.29 and a beta of 0.98. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.63. Gulfport Energy has a 52-week low of $4.72 and a 52-week high of $13.41.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Gulfport Energy by 28.8% in the 4th quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock valued at $160,873,000 after purchasing an additional 5,492,062 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gulfport Energy by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,687,995 shares of the oil and gas producer’s stock worth $96,209,000 after acquiring an additional 114,266 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Gulfport Energy by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,541,721 shares of the oil and gas producer’s stock worth $140,969,000 after acquiring an additional 283,479 shares in the last quarter. Oslo Asset Management AS raised its position in shares of Gulfport Energy by 73.1% during the 4th quarter. Oslo Asset Management AS now owns 5,234,914 shares of the oil and gas producer’s stock worth $34,289,000 after acquiring an additional 2,210,800 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Gulfport Energy by 76.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,414,119 shares of the oil and gas producer’s stock worth $45,952,000 after acquiring an additional 1,916,848 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.
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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