Wall Street brokerages expect Gulfport Energy Co. (NASDAQ:GPOR) to announce sales of $320.76 million for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Gulfport Energy’s earnings, with the highest sales estimate coming in at $337.80 million and the lowest estimate coming in at $299.00 million. Gulfport Energy reported sales of $252.74 million during the same quarter last year, which would suggest a positive year over year growth rate of 26.9%. The firm is expected to issue its next earnings report on Wednesday, August 7th.
On average, analysts expect that Gulfport Energy will report full year sales of $1.32 billion for the current financial year, with estimates ranging from $1.28 billion to $1.35 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.37 billion, with estimates ranging from $1.28 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Gulfport Energy.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The firm had revenue of $320.58 million during the quarter, compared to the consensus estimate of $313.11 million. During the same period last year, the business posted $0.56 EPS. The business’s revenue was down 1.5% compared to the same quarter last year.
In related news, CEO David M. Wood bought 10,000 shares of the company’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 transaction, the chief executive officer now owns 360,610 shares in the company, valued at $2,906,516.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in GPOR. BlackRock Inc. lifted its position in shares of Gulfport Energy by 28.8% during the 4th quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock worth $160,873,000 after buying an additional 5,492,062 shares during the period. Norges Bank purchased a new position in shares of Gulfport Energy in the fourth quarter valued at about $17,417,000. Oslo Asset Management AS increased its position in shares of Gulfport Energy by 73.1% in the fourth quarter. Oslo Asset Management AS now owns 5,234,914 shares of the oil and gas producer’s stock valued at $34,289,000 after acquiring an additional 2,210,800 shares during the period. JPMorgan Chase & Co. increased its position in shares of Gulfport Energy by 76.8% in the third quarter. JPMorgan Chase & Co. now owns 4,414,119 shares of the oil and gas producer’s stock valued at $45,952,000 after acquiring an additional 1,916,848 shares during the period. Finally, FMR LLC increased its position in shares of Gulfport Energy by 4,927,254.2% in the first quarter. FMR LLC now owns 1,182,565 shares of the oil and gas producer’s stock valued at $9,484,000 after acquiring an additional 1,182,541 shares during the period. 97.60% of the stock is currently owned by institutional investors.
Gulfport Energy stock traded down $0.28 during trading hours on Friday, reaching $6.54. 2,167,604 shares of the company’s stock were exchanged, compared to its average volume of 3,588,032. 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 twelve month low of $6.18 and a twelve month high of $13.41. The company has a market cap of $1.10 billion, a P/E ratio of 3.57, a PEG ratio of 0.42 and a beta of 0.87.
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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