Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at Oppenheimer reduced their Q2 2019 EPS estimates for shares of Gulfport Energy in a research report issued on Tuesday, July 16th. Oppenheimer analyst T. Rezvan now anticipates that the oil and gas producer will earn $0.15 per share for the quarter, down from their prior forecast of $0.24. Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Gulfport Energy’s Q3 2019 earnings at $0.20 EPS and FY2019 earnings at $1.04 EPS.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $320.58 million during the quarter, compared to the consensus estimate of $313.11 million. Gulfport Energy had a net margin of 29.83% and a return on equity of 8.28%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share.
Shares of GPOR stock opened at $3.66 on Thursday. The stock’s 50 day moving average is $4.78. 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 firm has a market capitalization of $601.42 million, a P/E ratio of 2.00, a PEG ratio of 0.23 and a beta of 0.86. Gulfport Energy has a 12-month low of $3.53 and a 12-month high of $12.08.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Versant Capital Management Inc boosted its stake in shares of Gulfport Energy by 567.1% during the first quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 3,448 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new stake in shares of Gulfport Energy during the first quarter valued at $35,000. CWM Advisors LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at $67,000. OLD Mission Capital LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter valued at $69,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Gulfport Energy during the first quarter valued at $84,000. Institutional investors own 97.62% of the company’s stock.
About Gulfport Energy
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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