Gulfport Energy Co. (NASDAQ:GPOR) – Equities research analysts at US Capital Advisors decreased their Q1 2020 EPS estimates for Gulfport Energy in a research note issued on Tuesday, December 3rd. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will earn $0.10 per share for the quarter, down from their prior forecast of $0.17. US Capital Advisors also issued estimates for Gulfport Energy’s Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.11 EPS, Q4 2020 earnings at $0.17 EPS, FY2020 earnings at $0.46 EPS, Q2 2021 earnings at ($0.08) EPS, Q3 2021 earnings at ($0.04) EPS and FY2021 earnings at $0.09 EPS.
A number of other analysts also recently issued reports on GPOR. Imperial Capital decreased their target price on Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Williams Capital reaffirmed a “hold” rating and set a $3.00 price target on shares of Gulfport Energy in a research report on Friday, November 1st. Wells Fargo & Co increased their price target on Gulfport Energy from $5.00 to $6.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. SunTrust Banks lowered Gulfport Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $6.00 to $3.00 in a report on Friday, November 15th. Finally, Zacks Investment Research lowered Gulfport Energy from a “hold” rating to a “sell” rating and set a $3.00 price objective for the company. in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Gulfport Energy currently has a consensus rating of “Hold” and an average target price of $6.54.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $285.18 million during the quarter, compared to analyst estimates of $335.10 million. Gulfport Energy had a net margin of 25.83% and a return on equity of 5.88%. Gulfport Energy’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisor Networks LLC purchased a new position in Gulfport Energy during the 3rd quarter valued at about $29,000. Coastal Capital Group Inc. bought a new position in shares of Gulfport Energy in the second quarter valued at approximately $34,000. Meeder Asset Management Inc. boosted its position in shares of Gulfport Energy by 474.1% in the third quarter. Meeder Asset Management Inc. now owns 13,060 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 10,785 shares during the period. Virginia Retirement Systems ET AL purchased a new position in Gulfport Energy during the third quarter valued at approximately $38,000. Finally, Enterprise Bank & Trust Co purchased a new position in Gulfport Energy during the third quarter valued at approximately $41,000. 94.66% of the stock is currently owned by institutional investors and hedge funds.
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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