Gulfport Energy Co. (NASDAQ:GPOR) – Research analysts at Oppenheimer cut their Q3 2019 earnings per share (EPS) estimates for shares of Gulfport Energy in a research report issued on Wednesday, October 16th. Oppenheimer analyst T. Rezvan now forecasts that the oil and gas producer will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.23. Oppenheimer also issued estimates for Gulfport Energy’s Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $1.03 EPS, Q1 2020 earnings at $0.19 EPS, Q2 2020 earnings at ($0.04) EPS, Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at $0.19 EPS and FY2020 earnings at $0.33 EPS.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. The firm had revenue of $459.00 million during the quarter, compared to analysts’ expectations of $312.43 million. During the same period in the previous year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was up 81.6% compared to the same quarter last year.
GPOR stock opened at $2.58 on Monday. The company has a fifty day moving average price of $2.81 and a two-hundred day moving average price of $4.54. The stock has a market cap of $427.02 million, a price-to-earnings ratio of 1.41, a price-to-earnings-growth ratio of 0.12 and a beta of 0.89. Gulfport Energy has a one year low of $2.28 and a one year high of $10.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Coastal Capital Group Inc. acquired a new position in Gulfport Energy during the second quarter worth about $34,000. Meeder Asset Management Inc. raised its stake in Gulfport Energy by 474.1% during the third quarter. Meeder Asset Management Inc. now owns 13,060 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 10,785 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in Gulfport Energy during the third quarter worth about $38,000. Enterprise Bank & Trust Co acquired a new position in Gulfport Energy during the third quarter worth about $41,000. Finally, Magnus Financial Group LLC acquired a new position in Gulfport Energy during the second quarter worth about $57,000. 97.52% of the stock is owned by institutional investors and hedge funds.
In other news, CEO David M. Wood acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average price of $2.44 per share, with a total value of $97,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,005,449 shares of the company’s stock, valued at approximately $2,453,295.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Quentin R. Hicks acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of $2.38 per share, with a total value of $35,700.00. Following the transaction, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $35,700. The disclosure for this purchase can be found here. Insiders own 0.45% 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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